GameStop makes unsolicited offer to buy eBay for about $56 billion, WSJ reports

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FILE PHOTO: The eBay logo is displayed at the eBay booth during CES 2026, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S., January 6, 2026. REUTERS/Steve Marcus/File Photo
FILE PHOTO: GameStop logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

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May 3 : GameStop has made an unsolicited offer to acquire eBay Inc for about $56 billion, the Wall Street Journal reported on Sunday, citing an interview with GameStop CEO Ryan Cohen.

GameStop has built a roughly 5 per cent stake in eBay and is offering $125 a share in cash and stock, Cohen told the WSJ. The offer represents a premium of about 20 per cent to eBay's last closing price on Friday.

If the U.S. online marketplace eBay is not receptive, Cohen said he was prepared to run a proxy fight and take the offer directly to shareholders, the report added. 

GameStop and eBay did not immediately respond to requests for comment.

Grapevine, Texas-based GameStop is expected to disclose details of its offer later on Sunday, the Journal said.

Source: Reuters

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