GameStop offers $55.5bn to buy eBay at $125 per share
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- GameStop announced an unsolicited offer to buy eBay for about $55.5‑$56 billion, according to multiple outlets.
- Ryan Cohen, GameStop’s CEO, is the driving force behind the proposal, which includes a cash‑and‑stock mix at $125 per share.
- The offer represents roughly a 20% premium over eBay’s closing price on May 1.
- eBay’s board and financial advisers have said they will review the unsolicited proposal.
- The reported valuation varies across sources, with some citing $55.5 billion and others $56 billion.
- GameStop has already built a roughly 5% stake in eBay prior to making the offer.
Why it matters: The bid forces eBay’s board to weigh a sale at a 20% premium, potentially delivering immediate cash to shareholders while giving GameStop a foothold in the established online marketplace, a strategic shift that could reshape both companies’ market positions and affect competitive dynamics in e‑commerce.
