According to The Wall Street Journal, GameStop CEO Ryan Cohen plans to acquire eBay in a cash-and-stock transaction valued at about $56 billion, or $125 per share. The Wall Street Journal says GameStop already owns about 5% of eBay and has secured a $20 billion debt financing commitment from TD Bank to support the bid. Separate reports from Odaily and Jin10 say the takeover offer pushed eBay shares up 5.8% and sent the stock to a record high. Analysts cited in the Wall Street Journal said the deal appears unlikely to proceed because of dilution and execution concerns. The available reports do not include a response from eBay or further details on timing, board action, or regulatory review.