(Il Sole 24 Ore Radiocor) - Milano, 4 mag - GameStop is making an unsolicited offer to buy eBay for about 56 billion dollars.

GameStop's CEO Ryan Cohen told The Wall Street Journal that GameStop has built a roughly 5% stake in eBay and is offering 125 dollars a share in cash and stock, a roughly 20% premium to its closing price on Friday.

"I'm thinking about turning eBay into something worth hundreds of billions of dollars," he added.

Cohen said he has a commitment letter from TD Bank to provide around 20 billion dollars in debt financing to help make a deal possible.

Cohen is prepared to run a proxy fight and take his offer directly to shareholders If eBay isn't receptive to the.

proposal.

(RADIOCOR) 04-05-26 08:20:25 (0092) 5 NNNN