eBay Stock Jumps After GameStop’s $56 Billion Bid — But Investors Aren’t Sold
GameStop offered to acquire eBay for about $55.5 billion, or $125 per share in cash and stock, triggering a takeover battle. eBay shares rose but stayed below the offer price, reflecting investor skepticism. GameStop said it would fund the deal with $9.4 billion in cash and outside financing, and that CEO Ryan Cohen would lead the combined company. eBay has not yet commented.