TD Bank Backs GameStop’s $56B eBay Bid with $20B Financing
TD•TD Bank provided a non-binding $20 billion debt financing letter to back GameStop’s $56 billion cash-and-stock bid for eBay at $125 per share. The bank also committed $475,000 over two years to expand Holland Bloorview’s Bridging to Adulthood program for youth with disabilities.
1. Financing Commitment for GameStop’s Takeover Bid
TD Bank issued a non-binding highly confident letter to provide up to $20 billion in debt financing for GameStop’s proposed $56 billion cash-and-stock takeover bid of eBay. The offer values eBay at $125 per share and includes a mix of cash and GameStop equity, aiming for cost synergies post-close.
2. Support for Holland Bloorview Rehabilitation
TD Bank pledged $475,000 over two years to Holland Bloorview Kids Rehabilitation Hospital to enhance its Bridging to Adulthood program. The funding will address service gaps for youth with disabilities transitioning from pediatric to adult health care.
