GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it
GameStop has made a $55.5 billion unsolicited offer to acquire eBay, proposing to combine eBay's online marketplace with GameStop's physical retail footprint. GameStop claims the merger would create efficiencies through shared infrastructure and live-commerce capabilities, though it faces skepticism over financing. The company says it will use cash, stock, and debt financing, but analysts have questioned the math behind the deal.
- ▪GameStop offered $55.5 billion for eBay, with half in cash and half in GameStop stock.
- ▪GameStop has a market capitalization of about $11 billion, while eBay is valued at approximately $48 billion.
- ▪GameStop cited a 'highly-confident letter' from TD Securities for up to $20 billion in financing, but the debt is not yet secured.
- ▪GameStop's CEO Ryan Cohen would become CEO of the combined company if the deal is completed.
- ▪GameStop reported $9.4 billion in cash and liquid investments as of January 31, 2026.
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Unsolicited offer GameStop offers $56 billion for eBay, struggles to explain how it’ll pay for it Amid falling revenue and store closures, GameStop wants to buy the much larger eBay. Jon Brodkin – May 4, 2026 1:57 pm | 40 A GameStop store at Aventura Mall in Miami, Florida, in September 2025. The store has since been closed. Credit: Getty Images | Jeff Greenberg A GameStop store at Aventura Mall in Miami, Florida, in September 2025. The store has since been closed. Credit: Getty Images | Jeff Greenberg Text settings Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only Learn more Minimize to nav GameStop yesterday made an unsolicited offer to buy eBay for $55.5 billion.
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