GameStop Offers $55.5 Billion to Acquire eBay

GameStop Corp. announced on Sunday an unsolicited, non-binding offer to acquire eBay Inc. 5 billion. 07.

It also marks a 46% premium to eBay's closing price on February 4, when GameStop began building a stake in the company. 4% in after-hours trading to around $118. 6 per share.

GameStop, which emerged as a meme stock during a 2021 retail investor frenzy that drove sharp gains in its shares, had a market capitalization of roughly $11 billion before the news broke. According to LSEG data, GameStop's market value stood at $12 billion as of Friday, while eBay's was around $46 billion. com.

"EBay should be worth — and will be worth — a lot more money," Cohen said. " GameStop has accumulated a roughly 5% stake in eBay. 4 billion cash pile.

The proposal requires approval from eBay's board of directors, regulators, and shareholders of both companies. Cohen told the Journal he is prepared to take the offer directly to eBay shareholders in a proxy fight if necessary. Should the deal close, Cohen is expected to serve as chief executive officer of the combined company.

4 billion in fiscal 2025. 75% in fiscal 2025. U.S.

Accounting rules. U.S. retail stores as physical infrastructure to enhance eBay's marketplace, enabling authentication, intake, fulfillment, and live commerce capabilities.

Cohen first hinted at plans to acquire a publicly traded consumer company larger than GameStop in January. 4 billion in compensation last year, more than twice the amount from the previous year. 5 billion in the final quarter.

7 million. 2 billion, and its internal capital base climbed to roughly $45 billion. Jane Street started in 2000 trading American depositary receipts before expanding into ETFs and other electronically traded assets.