GameStop Proposes Acquiring eBay for $55 Billion

GameStop said on Sunday it was making a cash-and-stock bid to acquire eBay for about $55 billion, the latest in a series of audacious bets by GameStop’s chief executive, Ryan Cohen.

A video game and collectibles retailer that became a favorite among meme stock investors, GameStop said that it was offering $125 per share for eBay, paid half in stock and half in cash, and that it had planned to secure outside equity and debt financing.

The offer represents a roughly 20 percent premium to eBay’s share price before news of the potential bid was reported late Friday by The Wall Street Journal.

EBay confirmed receipt of GameStop’s offer on Monday, saying that it had no discussions with or outreach from Gamestop before receiving the proposal. “The board will review this proposal with a focus on the value to be delivered to eBay shareholders, including the value of the GameStop stock consideration and the ability of GameStop to deliver a binding, actionable proposal,” the company said in a press release.

Article source: https://www.nytimes.com/2026/05/04/business/gamestop-ebay-acquisition-offer.html