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GameStop Proposes $55.5 Billion Acquisition of eBay to Compete with Amazon

KVIA•Monday, May 4, 2026 at 11:48 PM•CNN Newsource

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GameStop has made a bold offer to acquire eBay for $55.5 billion, aiming to create a formidable competitor to Amazon. The proposal includes a purchase price of $125 per share, representing a 46% premium over eBay's closing price on February 4, when GameStop began acquiring a 5% stake in the company. Currently, eBay is valued at approximately $46.2 billion, while GameStop stands at $11.9 billion. GameStop's CEO, Ryan Cohen, plans to streamline eBay's operations and leverage GameStop's physical stores to enhance eBay's online presence. This acquisition could reshape the e-commerce landscape, especially as eBay seeks to innovate in live commerce and artificial intelligence.

Key Details: • GameStop offers $125 per share for eBay, a 46% premium. • GameStop plans to finance the acquisition with cash and debt, including a $20 billion commitment from TD Securities. • Ryan Cohen aims to serve as CEO of the combined entity. • eBay reported a 19% revenue increase in Q1 and a significant rise in gross merchandise volume.

business ecommerce gamestop acquisition ebay

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