GameStop shares fall 10% after CEO skirts questions over eBay acquisition details
GameStop's shares dropped over 10% following CEO Ryan Cohen's refusal to clarify how the company would finance its $55.5 billion unsolicited bid for eBay. The proposal, valued at $125 per share, combines cash, stock, and potential debt financing, but falls short of the total offer value. eBay confirmed it has not engaged in discussions with GameStop and is reviewing the proposal.
- ▪GameStop proposed a half-cash, half-stock deal to acquire eBay at $125 per share.
- ▪The company claims $9.4 billion in cash on hand and $20 billion in potential debt financing from TD Securities.
- ▪GameStop's market capitalization is approximately $12 billion, far below the $55.5 billion bid value.
- ▪CEO Ryan Cohen stated he had not spoken with eBay about the acquisition proposal.
- ▪eBay confirmed it has not had discussions with GameStop and is evaluating the unsolicited offer.
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GameStop’s most recent market valuation was about $12bn as of Friday – a fraction of eBay’s worth of $46bn. Photograph: Samuel Boivin/NurPhoto/ShutterstockView image in fullscreenGameStop’s most recent market valuation was about $12bn as of Friday – a fraction of eBay’s worth of $46bn. Photograph: Samuel Boivin/NurPhoto/ShutterstockeBayGameStop shares fall 10% after CEO skirts questions over eBay acquisition detailsRyan Cohen said he didn’t understand questions about how the video games retailer could afford its $55.5bn bid Sign up for the Breaking News US newsletter email Gaya GuptaMon 4 May 2026 17.33 EDTLast modified on Mon 4 May 2026 17.37 EDTSharePrefer the Guardian on GoogleGameStop’s shares fell more than 10% on Monday as questions emerged about how the company would finance its…
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