GameStop bids $56 bn to acquire eBay, offers $125 per share
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- GameStop announced an unsolicited acquisition offer for eBay valued at roughly $56 billion.
- GameStop offered $125 per share in cash and stock, a 20% premium to eBay’s May 1 closing price.
- GameStop had built a roughly 5% stake in eBay before making the bid.
- Ryan Cohen, GameStop’s CEO, is leading the takeover proposal.
- eBay’s board and financial advisers will review the unsolicited offer.
Why it matters: The $56 billion offer puts a 20% premium on eBay shares, benefiting shareholders, while eBay’s board and advisers must decide on an unsolicited deal that would transfer ownership in the broader e‑commerce market for years and affect its market position significantly.
