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

KVIA•Monday, May 4, 2026 at 10:18 AM•CNN Newsource

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GameStop has made a bold offer to acquire eBay for $55.5 billion, aiming to create a significant competitor to Amazon in the e-commerce space. The proposal includes a purchase price of $125 per share, which is a 46% premium over eBay's recent closing price. GameStop, valued at $11.9 billion, plans to finance the acquisition through a mix of cash and debt, with backing from TD Securities for up to $20 billion. This move comes as eBay has seen a resurgence in its business, reporting a 19% revenue increase in the first quarter and a significant rise in its stock price over the past year. GameStop CEO Ryan Cohen envisions leveraging eBay's online platform with GameStop's physical stores to enhance profitability and customer engagement.

Key Details: • GameStop's offer is $55.5 billion, equating to $125 per share for eBay. • The acquisition is partly financed by a commitment from TD Securities for up to $20 billion. • eBay's gross merchandise volume increased by 18% to $22.2 billion in the last quarter. • GameStop aims to combine its 1,600 US locations with eBay's online presence for better service.

business ecommerce gamestop acquisition ebay

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Ryan CohenGameStopeBayTD Securities

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