GameStop Makes an Offer!
GameStop announced a $55.5 billion unsolicited bid for eBay despite having a market cap of only $12 billion, proposing to pay with unauthorized shares and non-binding debt commitments. The deal structure would effectively result in eBay shareholders owning two-thirds of the combined company, while GameStop CEO Ryan Cohen stands to collect up to $35 billion if the transaction inflates GameStop's market cap to $100 billion.