GameStop makes $55.5bn takeover offer for eBay
GameStop has made a $55.5 billion unsolicited takeover offer for eBay, proposing a 50-50 cash-and-stock deal at $125 per share. CEO Ryan Cohen claims he can significantly increase eBay's value through aggressive cost-cutting and by leveraging GameStop's retail footprint. The bid, backed by a $20 billion loan, could turn hostile if eBay's board rejects it.
- ▪GameStop offered $55.5 billion for eBay, paying $125 per share in equal parts cash and stock.
- ▪GameStop has accumulated a 5% stake in eBay and is backed by a $20 billion loan from TD Securities.
- ▪Ryan Cohen plans to cut $2 billion in annual spending at eBay, including $1.2 billion from sales and marketing.
- ▪GameStop's 1,600 remaining stores could serve as authentication and fulfillment centers for eBay.
- ▪eBay recently reported stronger-than-expected revenue and is acquiring Depop for $1.2 billion to attract younger shoppers.
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GameStop’s CEO said he could turn eBay into something worth hundreds of billions of dollars. Photograph: Steve Marcus/ReutersView image in fullscreenGameStop’s CEO said he could turn eBay into something worth hundreds of billions of dollars. Photograph: Steve Marcus/ReuterseBayGameStop makes $55.5bn takeover offer for eBayVideo game retailer’s CEO warns that unsolicited bid could turn hostile if it is rebuffed by resale site’s board Kalyeena MakortoffMon 4 May 2026 07.43 EDTSharePrefer the Guardian on GoogleUS video games retailer GameStop has offered to buy eBay for $55.5bn (£41bn) in an unsolicited bid that its boss warned could turn hostile if the proposal is rebuffed by eBay’s board.GameStop, which has quietly accumulated a 5% stake in eBay, said it was willing to pay $125 a share,…
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