Stories

Mon, 04 May 2026

Mon, 04 May 2026 GameStop makes $55.5bn takeover offer for eBay

GameStop's boss Ryan Cohen says he sees potential to make eBay a much bigger rival to Amazon.

* GameStop has made a $55.5 billion takeover bid for eBay, offering $125 per share.
* The offer values eBay at more than its current market price and would create a combined company with GameStop's CEO Ryan Cohen at the helm.
* Cohen plans to make $2 billion in cost savings within a year of the deal, mostly by cutting sales and marketing expenses on eBay.
* Shares in eBay jumped over 13% after news of the potential offer emerged.
* Analysts question whether the proposed deal is good for both companies, citing concerns about GameStop's debt and eBay's brand recognition.