GameStop offer and eBay’s strong quarter lift shares amid takeover uncertainty
eBay shares jumped after GameStop submitted a non-binding, unsolicited proposal to buy the company for $125 per share in cash and stock, valuing eBay at about $55.5 billion. The bid, which GameStop says is half cash and half stock and backed by a commitment letter for roughly $20 billion in debt financing from TD Securities, arrives alongside eBay’…