Markets
GameStop Bid $55.5 Billion for eBay — and Ryan Cohen Has Already Called the Deal "Way More Compelling Than Bitcoin"
GameStop submitted a non-binding $55.5 billion offer for eBay, valuing the marketplace at $125 a share in a roughly even split of cash and stock. The funding mix — $9.4 billion of cash plus up to $20 billion of TD Securities-backed financing — leaves the company's 4,710 bitcoin treasury, worth around $368 million, on the table as a possible source of capital.
·William Dale