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Ryan Cohen's mysterious bank letter backing GameStop's eBay bid reveals a big issue with deal
CNBC· 2026-05-07 23:27
CEO Ryan Cohen offered limited clarity on the structure other than saying his company has the ability to issue additional stock in order to get the deal done. EBay confirmed that it received the offer in a statement Monday, and said its board would review it. The video game retailer said it has lined up a $20 billion financing commitment from TD Securities, part of TD Bank. But a key condition attached to this letter could ultimately make or break the deal: the combined company would need to maintain an inv ...