GameStop makes $55.5B takeover offer for eBay
GameStop has made a $55.5 billion unsolicited takeover bid for eBay, offering $125 per share in cash and stock. GameStop CEO Ryan Cohen said he would take the proposal directly to eBay shareholders if the board rejects it, and plans $2 billion in cost savings within a year. eBay, facing declining user numbers, will review the offer while analysts question the strategic fit given GameStop's smaller size and debt concerns.
- ▪GameStop's offer values eBay at $125 per share, a $20 premium over its Friday closing price.
- ▪Ryan Cohen would become CEO of the combined company and forgo salary, being compensated solely on performance.
- ▪GameStop has a commitment from TD Securities for $20 billion in debt financing to support the deal.
- ▪eBay reported 136 million users in 2026, down from 175 million in 2018 due to competition from Amazon.
- ▪Analyst Sucharita Kodali said the deal does not combine two strong companies and could burden eBay with GameStop's debt.
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GameStop makes $55.5bn takeover offer for eBayImage source, Reuters/Nick ZieminskiByOsmond ChiaBusiness reporterPublished4 May 2026, 01:18 BSTUpdated 2 hours agoVideo game retail chain GameStop has made a surprise $55.5bn (£40.9bn) offer to buy e-commerce firm eBay.The cash and stock offer values eBay at $125 a share, $20 more than the shares were valued at when New York trading ended on Friday, GameStop said in a statement on Sunday, external.GameStop's chief executive Ryan Cohen said he is prepared to take the bid directly to shareholders if eBay's board rejects the approach.In a letter to eBay, external, Cohen also said he planned to make $2bn of cost savings at the company within a year of the deal being completed.
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