11:47:53 EDT Fri 15 May 2026
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,656,171,947
Close 2026-05-14 C$ 148.60
Market Cap C$ 246,107,151,324
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Globe says TD plays along with GameStop's eBay bid

2026-05-15 08:30 ET - In the News

The Globe and Mail reports in its Friday edition that some people are calling GameStop boss Ryan Cohen's $56-billion takeover bid for eBay audacious (all figures U.S.). The Globe's Gus Carlson writes that others are calling it delusional. Mr. Cohen launched the bid for eBay last week, offering $125 a share in cash and stock for the on-line marketplace. GameStop's market cap is about $10-billion, compared with eBay's $48-billion valuation. eBay's board rejected the bid, saying it was "neither credible nor attractive." Mr. Cohen, however, said GameStop had lined up a $20-billion financing commitment from TD Securities and had about $9-billion in cash on hand. He said the deal would be half cash, half stock -- neither of which adds up -- and GameStop could issue more stock to get the deal done. TD's confidence in the deal hinged on the assumption that the combined company could maintain an investment-grade credit profile. On CNBC's Squawk Box, Mr. Cohen became agitated and combative when pressed to provide details about how the deal would be financed. "Where's the rest of the money coming from?" host Becky Quick asked twice. "I don't understand your question," Mr. Cohen replied, followed by awkward silences.

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