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.

OTC Markets Group appointed JP Chan as senior vice president and regional head for Asia-Pacific on May 4, 2026. Chan will lead the regional team out of Hong Kong. 4% year over year.

5 billion, which represented 88% of the company's overall dollar volume. 2 billion.

Apple shares rose 4%. 5 billion joint venture with Wall Street firms focused on artificial intelligence, according to the Wall Street Journal.

U.S. will assist in freeing ships in the Strait of Hormuz, which has been closed during the conflict with Iran that began in February. U.S.

Will begin a humanitarian effort to guide stranded ships out of the strait on Monday. Oil prices remained flat, with Brent crude largely unmoved by the announcement of the operation, dubbed Project Freedom. More than six in 10 Americans disapprove of President Trump's job performance, with the rating at its lowest on economic issues including the cost of living.

Russia denied a detention appeal for jailed Wall Street Journal reporter Evan Gershkovich in Moscow.