Ryan Cohen’s mysterious bank letter backing GameStop’s eBay bid reveals a big issue with deal

Key Points

Earlier this week, GameStop made a bold offer to buy eBay for $56 billion.
The video game retailer said that it has lined up a $20 billion financing commitment from TD Securities.
A key condition in this financing letter from TD Securities would require the combined entity to maintain an investment-grade credit profile, CNBC’s David Faber reported, citing people who have seen the document.

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