Proposed acquisition of eBay by GameStop

The GameStop Corp. submitted a cash-and-stock leveraged offer for eBay on May 3, 2026, for $56 billion. The potential buyout is valued at $125 per share with eBay shareholders receiving 50% cash and 50% GameStop common stock, representing a 20% premium. GameStop, which has a market cap of $11.90 billion, is funding its deal through a $20 billion bridge loan from TD Bank. GameStop's CEO, Ryan Cohen, has publicly stated he's prepared to engage in a proxy fight and take the offer directly to shareholders if eBay declines the acquisition. As of May 4, 2026, eBay has not issued a public response.