{"id":27437,"date":"2026-05-04T11:07:09","date_gmt":"2026-05-04T11:07:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/gamestop-targets-ebay-in-55-5b-deal-as-cohen-takes-aim\/"},"modified":"2026-05-04T11:07:21","modified_gmt":"2026-05-04T11:07:21","slug":"gamestop-targets-ebay-in-55-5b-deal-as-cohen-takes-aim","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/gamestop-targets-ebay-in-55-5b-deal-as-cohen-takes-aim\/","title":{"rendered":"GameStop targets eBay in $55.5B deal as Cohen takes aim"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>GameStop has submitted an unsolicited, non-binding proposal to acquire eBay for $125 per share.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_5c6cfeb2677560222adbc39af16a5887\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>GameStop offered $125 per eBay share, valuing the unsolicited takeover proposal at about $55.5 billion.<\/li>\n<li>Ryan Cohen would lead the combined company if GameStop\u2019s cash-and-stock acquisition proposal for eBay succeeds.<\/li>\n<li>GameStop says $2 billion in yearly cost cuts could come within twelve months of closing.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investor.gamestop.com\/news-releases\/news-details\/2026\/GameStop-Proposes-to-Acquire-eBay-at-125-00-Per-Share\/default.aspx\" target=\"_blank\" rel=\"nofollow\">proposed<\/a> deal values eBay at about $55.5 billion on an undiluted equity basis. Meanwhile, the offer would use 50% cash and 50% GameStop stock. GameStop said the price represents a 46% premium to eBay\u2019s unaffected closing price on February 4, when it began building its position.<\/p>\n<p>GameStop also disclosed a 5% economic stake in eBay through derivatives and common stock ownership. The company said it planned to file a Schedule 13D and Hart-Scott-Rodino notification.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The proposal would place Ryan Cohen as chief executive of the combined company after closing. GameStop said Cohen owns about 9% of the company and receives no salary, cash bonuses, or golden parachute.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Cost cuts form key part of takeover plan<\/strong><\/h2>\n<p>GameStop said it could deliver about $2 billion in yearly cost cuts within twelve months of closing. It pointed to sales and marketing, product development, and administrative expenses as target areas.<\/p>\n<p>The company questioned eBay\u2019s marketing spend after eBay <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investors.ebayinc.com\/investor-news\/press-release-details\/2026\/eBay-Inc--Reports-Fourth-Quarter-and-Full-Year-2025-Results\/default.aspx\" target=\"_blank\" rel=\"nofollow\">spent<\/a> $2.4 billion on sales and marketing in fiscal 2025. GameStop said, \u201cMore spend is not producing more users\u201d on a widely known marketplace.<\/p>\n<p>Moreover, GameStop said it would fund the cash portion through balance sheet resources and outside financing. The company reported about $9.4 billion in cash and liquid investments as of January 31, 2026.<\/p>\n<p>It also said TD Securities provided a highly confident letter for up to $20 billion in acquisition financing. Still, the proposal remains subject to financing, regulatory approval, shareholder approval, and a final agreement.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin strategy adds another market angle<\/strong><\/h2>\n<p>GameStop\u2019s bid follows its wider shift beyond legacy retail. Crypto.news reported earlier that the company kept exposure to 4,709 BTC through a Coinbase Credit covered-call arrangement rather than selling the Bitcoin outright.<\/p>\n<p>Crypto.news also reported in February that Cohen was pursuing a \u201cmajor acquisition\u201d and had described the approach as \u201cgenius or totally, totally foolish.\u201d The eBay proposal now gives that strategy a named target.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GameStop has submitted an unsolicited, non-binding proposal to acquire eBay for $125 per share.\u00a0 Summary GameStop offered $125 per eBay share, valuing the unsolicited takeover proposal at about $55.5 billion.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":27438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27437"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27437\/revisions"}],"predecessor-version":[{"id":27439,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27437\/revisions\/27439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/27438"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}