This story was first published by Digiday sibling Modern Retail.
Earlier this month, GameStop offered to buy eBay for about $55.5 billion.
GameStop CEO Ryan Cohen, who previously led pet marketplace Chewy, told The Wall Street Journal that GameStop had built a roughly 5% stake in eBay and had a commitment of up to $20 billion in financing from TD Bank. If eBay isn’t receptive, Cohen said he was prepared for a proxy fight, according to the outlet.
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