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Shares of eBay jump take off on a $56 billion buyout bid from GameStop's Ryan Cohen
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Shares of eBay jump take off on a $56 billion buyout bid from GameStop's Ryan Cohen

The Independent·Michelle Chapman·about 1 month ago
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Shares of eBay are soaring before the opening bell Monday as Ryan Cohen's GameStop pursues an approximately $56 billion takeover of company, seeing it as a vehicle to compete with online retail giant Amazon . The national gaming retailer said that its approximately 1,600 U.S. stores could become drop-off and shipping locations. One proposal includes live sales broadcasts from GameStop locations featuring eBay products. “EBay has the second largest commerce franchise and there’s a big opportunity to do something much larger,” Cohen said in a CNBC interview Monday. GameStop's bid is $125 per share in cash and stock. The equity value of the proposed deal is $55 billion on paper. GameStop said that it started accumulating shares in eBay beginning in February and currently has a 5% stake. The company is looking to lower costs at eBay, saying that the online seller spent $2.4 billion on sales and marketing in fiscal 2025 while only adding 1 million net active buyers.…

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