EL7.AI
Mergers & AcquisitionsMediumUpdated×45•Originally published 3 May 2026•Updated 6 May 2026•
1 min read

GameStop Raises eBay Acquisition Bid to $55.5 Billion

eBay logo on a cube with a $55.5B acquisition bid from GameStop, a gavel, and stacks of cash on an orange background.

Key Facts

1GameStop CEO Ryan Cohen stated the company offered to buy eBay for $125 per share in a cash and stock deal.
2GameStop has built a roughly 5% stake in eBay according to Cohen's statements.
3The acquisition offer represents a roughly 20% premium over eBay's closing price on Friday.

GameStop (GME) has clarified its unsolicited acquisition bid for eBay (EBAY) at a specific value of $55.5 billion, aiming for $2 billion in post-merger cost savings. In a significant development, eBay's board of directors is scheduled to meet this week to formally review the acquisition offer. CEO Ryan Cohen has confirmed that he has not ruled out selling the company's Bitcoin assets to help finance the ambitious transaction. The proposed deal seeks to integrate eBay's massive base of active buyers into a combined entity to drive future earnings. Despite the board's review, the offer still relies on 'highly confident' letters rather than committed capital, fueling concerns over potential debt levels. While eBay shares reacted positively, GME remains under pressure as market participants remain skeptical about the deal's execution.