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GameStop acquires a 5% economic stake in eBay. The transaction is backed by $9.4 billion in cash and liquid assets, supported by an additional $20 billion in financing.

GameStop has acquired a 5% economic stake in eBay, utilizing $9.4 billion in cash and liquid investments alongside $20 billion in financing.

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tw:2029544050932793636:2051099369756377456
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Live checked
Channel
FirstSquawk
Captured from live stream/ Updated / Monitor-ready

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GameStop has acquired a 5% economic stake in eBay, utilizing $9.4 billion in cash and liquid investments alongside $20 billion in financing.

What happened

GameStop has acquired a 5% economic stake in eBay, utilizing $9.4 billion in cash and liquid investments alongside $20 billion in financing.

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GameStop proposes to acquire eBay in a deal valued at approximately $55.5 billion. The offer of $125.00 per share, consisting of 50% cash and 50% stock, has received unanimous approval from the GameStop board.

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