May. 4 at 2:09 AM
$SPY $EBAY $GME $AMZN GAMESTOP CEO COHEN SAYS OFFERING TO BUY EBAY FOR
$56B: WSJ
Cohen offering
$56B for EBAY, or a 20% premium to the closing price on Friday. He already has a 5% stake
Offer is
$125 / share in cash and stock. He has a letter from TD Bank to provide
$20B in debt financing.
According to Cohen: “There is nobody who is more qualified, based on my experience, to run the eBay business,"
"It could be a legit competitor to Amazon,"
Would be crazy if he pulls it off