What do you think about GameStop buying up Ebay to compete against Amazon? [View all]
It's Amazon's quick delivery service that makes them irresistible to online buyers. Not sure how GameStop can compete against that, unless Amazon screws with their workforce.
GameStop stock sinks after surprise eBay takeover bid, Cohens combative CNBC interview
Video game retailer GameStop
announced Sunday it has made an unsolicited, nonbinding offer to acquire eBay
for $125 per share in a cash-and-stock deal, valuing the e-commerce platform at roughly $55.5 billion.
The offer, split evenly between cash and GameStop common stock, represents a 20% premium to eBays Friday close of $104.07, and a 46% premium to its closing price on Feb. 4 when the gaming retail giant started building a stake in the company, GameStop said in its statement.
Shares of eBay climbed about 6% after the market open Monday to just over $110, well below GameStops $125 offer, suggesting investors are skeptical the deal will close. GameStops current market value is just below $12 billion, while eBays is $46 billion.
GameStop CEO Ryan Cohen told CNBC on Monday that he hasnt started any conversation with eBays management.
https://www.cnbc.com/2026/05/04/gamestop-ebay-takeover-bid-ryan-cohen-gaming-retail-ecommerce.html