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> GameStop doesn't have (even close to) $55.5B When the merger concludes, the former shareholders of eBay will have $27.5bn of GameStop-eBay stock and $27.5bn
by JumpCrisscross 6mo ago
> GameStop doesn't have (even close to) $55.5B
When the merger concludes, the former shareholders of eBay will have $27.5bn of GameStop-eBay stock and $27.5bn of cash. (“Cohen said GameStop has a commitment letter from TD Bank to provide up to $20 billion in debt financing” and “GameStop has around $9 billion in cash on its balance sheet to put toward a deal” [1].)
[1] https://www.wsj.com/business/deals/gamestop-is-offering-to-buy-ebay-for-56-billion-ceo-ryan-cohen-says-fd330f5a?mod=mhp https://www.wsj.com/business/deals/gamestop-is-offering-to-b...