GameStop CEO Ryan Cohen has proposed a $56 billion acquisition of eBay at $125 per share, after quietly building a 5% stake. The offer is non-binding and financed through a mix of cash reserves, bank debt, and newly issued shares. Cohen aims to merge GameStop’s physical retail network with eBay’s online marketplace, focusing on collectibles, live shopping, and operational cost cuts. While both stocks jumped on the news, eBay has not responded, and a potential proxy battle could follow if talks stall.
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