Reddit vs. Wall Street: the latest in the GameStop saga
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GameStop makes a $56 billion offer to buy eBay, doesn’t explain where the money will come from.
Former Chewy and current GameStop CEO Ryan Cohen says he plans to somehow create a competitor to Amazon “...worth hundreds of billions of dollars.”
GameStop said it has a commitment letter from TD Bank for $20 billion in debt financing, but where the rest will come from is unclear, with WSJ sources citing Middle Eastern sovereign-wealth funds as a possibility.
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