1. GameStop's $56B eBay Pursuit Relies on 1980s 'Highly Confident' Letter Tactic Echoing Drexel Era
GameStop Corp. is pursuing eBay Inc. in a $56 billion deal using a financing mechanism that traces directly to the corporate raider tactics of the 1980s. TD Securities has issued a $20 billion "highly confident" letter, signaling willingness to back the acquisition despite GameStop not holding equivalent cash reserves....