GameStop Makes $55.5 Billion Offer to Buy eBay
GameStop has announced it has made a $55.5 billion offer to buy eBay at $125.00 per share in cash and stock. CEO Ryan Cohen, who would become CEO of the combined company should the deal go through, told The Wall Street Journal he wants to make eBay a “legit competitor to Amazon,” as he bids to grow his business beyond games and merchandise and hit a $35 billion payout in the process. GameStop said the cash part of the offer is expected to be funded from a combination of cash and liquid investments on GameStop’s balance sheet, which totaled $9.4 billion as of January 31, 2026, and “third-party acquisition financing,” with up to $20 billion in debt financing from TD Securities. GameStop did not say exactly where this third-party acquisition financing would come from. In its announcement, GameStop said eBay isn’t making enough money for what it’s spending, and that it would deliver $2 billion of annualized cost reductions within 12 months of closing the deal, suggesting plans for signifi...