GameStop makes $56B bid for eBay, four times its size
The offer would value eBay at about $55.5 billion and leave a large financing gap that has fueled investor skepticism.
- On Monday, GameStop made an unsolicited, nonbinding offer to acquire eBay for roughly $55.5 billion in cash and stock, representing a steep premium to recent trading levels.
- Shares of GameStop fell about 10% following the announcement, reflecting investor skepticism about the company's ability to fund the acquisition despite securing up to $20 billion in third-party financing from TD Securities.
- GameStop CEO Ryan Cohen faced scrutiny during a 16-minute CNBC interview on Monday regarding the deal's strategy, telling hosts, "It's on our website…It's half cash, half stock."
- Citing the deal's heavy leverage, investor Michael Burry sold his entire GameStop position, saying the company's capital structure was incompatible with his "Instant Berkshire" thesis and warning leverage could reach roughly 7.7 times.
- Beyond exiting GameStop, Burry purchased fresh puts on Nvidia and the Invesco QQQ Trust, signaling his broader bearish outlook on tech stocks and warning that market leverage above 5 times is a "knife edge.
47 Articles
47 Articles
View: Ryan Cohen’s incoherent bid for eBay, and confidence at Milken
Liz’s viewHello from the Milken conference in Beverly Hills, the birthplace and holy temple of confidence men.It’s a fitting backdrop for Ryan Cohen’s incoherent bid for eBay, which would see GameStop, the $12 billion meme-stock survivor, cobbling together $55 billion to buy the e-commerce giant.The Milken Institute Global Conference is the annual home of ambition untethered from arithmetic, where the world’s most elaborately credentialed optimi…
GameStop Makes Bid to Buy eBay, Draws Scrutiny
Reports in early May 2026 revealed that GameStop had launched a bid to buy eBay. Initial coverage on May 1 indicated the company was preparing an offer. By May 3, multiple outlets confirmed that a formal proposal had been submitted. The unsolicited bid values eBay at about $55–56 billion. It offers roughly $125 per share and includes a mix of cash and GameStop stock. The proposal represents a premium of about 20% over recent trading levels. Repo…
The GameStop video store chain made an offer of $55.5 billion to buy the eBay platform. Article A video store chain made an offer of $55.5 billion to buy eBay first appears on Romania TV.
The head of GameStop video game dealer, Ryan Cohen, plans drastic job cuts on the online trading platform in the event of the success of his purchase offer for eBay. "I could run this business from my home," Cohen said in an interview. "You have 11,500 employees – and that doesn't make any sense," Cohen said in the podcast, "the more employees a company has, the slower it gets. Cost reductions are the only way to make eBay's business more effici…
Kurier
According to the latest data, Ebay had 12,300 employees at the end of last year, 7,200 of them in the USA.
It is still unclear how exactly Gamestop wants to finance the purchase of the larger online platform Ebay. But the boss already has big plans.
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