""The offer represents a 46% premium to eBay's unaffected closing price on February 4, 2026, the day GameStop started accumulating its position in eBay.""
""GameStop has built a 5% economic stake in eBay through derivatives and beneficial ownership of common stock.""
""Cohen explained that he wanted to cut costs, combine GameStop's physical stores with eBay's large online presence, and create a company that could go toe-to-toe with Amazon.""
""eBay confirmed receipt of the offer, saying it had no discussions with or outreach from GameStop prior to receiving the proposal.""
GameStop Corporation has made an unsolicited offer to acquire eBay Inc. for $125 per share, amounting to around $56 billion. The proposal includes a 50% cash and 50% stock deal. GameStop has built a 5% stake in eBay. eBay confirmed receipt of the offer and stated it would review the proposal with its advisors. The acquisition is notable due to the size difference between the companies, with GameStop's market cap at $11.9 billion compared to eBay's $46 billion.
Read at Fast Company
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