{"id":117254,"date":"2026-05-04T04:16:00","date_gmt":"2026-05-04T04:16:00","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/05\/04\/meme-stock-gamestop-bids-56-billion-for-ebay-to-take-on-amazon\/"},"modified":"2026-05-04T04:17:15","modified_gmt":"2026-05-04T04:17:15","slug":"meme-stock-gamestop-bids-56-billion-for-ebay-to-take-on-amazon","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/05\/04\/meme-stock-gamestop-bids-56-billion-for-ebay-to-take-on-amazon\/","title":{"rendered":"Meme stock GameStop bids $56 billion for eBay to take on Amazon"},"content":{"rendered":"<p>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107408363\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A sign in front of the eBay headquarters in San Jose, California.<\/p>\n<p>Justin Sullivan | getty images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>US video game retailer <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Gamestop<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>    Announced on Sunday that it had made an unsolicited, non-binding offer to acquire <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">EBAY<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>    For $125 a share in cash-and-stock deal, the e-commerce platform is valued at about $55.5 billion<strong>.<\/strong><\/p>\n<p>The offer, divided equally between cash and GameStop common stock, represents a 20% premium over eBay&#8217;s Friday closing price of $104.07 and a 46% premium over its closing price in February.<strong>.<\/strong> 4 &#8211; When the gaming retail giant began building a stake in the company, GameStop said in its statement. <\/p>\n<p>eBay shares rose 13.4% in after-hours trading to about $118. GameStop, which became a so-called &#8220;meme stock&#8221; during the retail frenzy of 2021, saw its shares jump nearly 4% to $27.6 a share. <\/p>\n<p>The announcement was made by GameStop Chief Executive Ryan Cohen. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/deals\/gamestop-is-offering-to-buy-ebay-for-56-billion-ceo-ryan-cohen-says-fd330f5a\">wall street journal<\/a> He saw a way to make the e-commerce company a huge competitor <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\">Amazon.com<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>. <\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><default:title>stock chart icons<\/default:title><default:desc>stock chart icon<\/default:desc><default:g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><default:path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/default:g><\/default:svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><\/div>\n<\/div>\n<p><iframe title=\"eBay\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=EBAY&amp;range=5D&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>EBAY<\/p>\n<\/div>\n<div class=\"group\">\n<p>&#8220;eBay should be and will be very highly valued,&#8221; Cohen said. &#8220;I&#8217;m thinking about turning eBay into something worth hundreds of billions of dollars.&#8221; <\/p>\n<p>GameStop has built a roughly 5% stake in eBay and has received a commitment letter from TD Bank for up to $20 billion in debt financing to make the deal possible. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investor.gamestop.com\/news-releases\/news-details\/2026\/GameStop-Proposes-to-Acquire-eBay-at-125-00-Per-Share\/default.aspx\">statement<\/a>. The remainder of the deal will be funded from its approximately $9.4 billion cash pile.  <\/p>\n<p>The proposal is subject to the approval of eBay&#8217;s board of directors, regulators and shareholders of both companies. eBay did not immediately respond to CNBC&#8217;s request for comment.<\/p>\n<p>Both companies have struggled to adapt to changing consumer preferences, and it&#8217;s unclear whether eBay&#8217;s board will view GameStop \u2014 whose own market capitalization was about $11 billion before the news broke \u2014 as a credible acquirer for a company four times its size.<\/p>\n<p>GameStop had a market cap of $12 billion as of Friday, according to LSEG data, while eBay had a market cap of about $46 billion, raising questions about the feasibility of the bid.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><default:title>stock chart icons<\/default:title><default:desc>stock chart icon<\/default:desc><default:g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><default:path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><default:path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/default:g><\/default:svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/div>\n<\/div>\n<p><iframe title=\" \" src=\"https:\/\/www.cnbc.com\/appchart?symbol=GME&amp;range=1Y&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<\/div>\n<div class=\"group\">\n<p>Cohen told the Journal he is prepared to take the proposal directly to shareholders in a proxy fight if necessary. If the deal is completed, Cohen is expected to serve as chief executive officer of the combined company, according to a GameStop statement. <\/p>\n<p>In its proposal, GameStop said it would cut $2 billion in annual costs within a year, targeting eBay&#8217;s increased sales and marketing budget, which totaled $2.4 billion in fiscal 2025, while net active buyer growth remained steady at less than 0.75%.<\/p>\n<p>&#8220;More spending is not generating more users in a market with almost universal brand recognition,&#8221; the statement said. <\/p>\n<p>The company estimated that cost cuts alone would increase eBay&#8217;s earnings per share, measured under standard U.S. accounting rules, from $4.26 to $7.79 in the first year. <\/p>\n<p>GameStop offered its approximately 1,600 US retail stores as physical infrastructure for eBay&#8217;s marketplace, offering a network for authentication, intake, fulfillment and live commerce capabilities. <\/p>\n<p>Cohen first hinted at a plan to acquire a publicly traded consumer company even larger than GameStop in January, telling CNBC at the time that the deal would be &#8220;transformational&#8221; and &#8220;never done before in the history of capital markets.&#8221;<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108300951\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108300951\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000411651\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108300956-17776712221777671220-45642541350-1080pnbcnews.jpg?v=1777671222&amp;w=750&amp;h=422&amp;vtcrop=y\" alt=\"Game Stop is reportedly preparing an offer to acquire eBay\"\/><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your favorite source on Google and never miss a moment of the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A sign in front of the eBay headquarters in San Jose, California. Justin Sullivan | getty images US video game retailer Gamestop Announced on Sunday that it had made an unsolicited, non-binding offer to acquire EBAY For $125 a share in cash-and-stock deal, the e-commerce platform is valued at about $55.5 billion. The offer, divided<\/p>\n","protected":false},"author":1,"featured_media":117255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[1094,10197,2688,26912,28125,824,1265],"class_list":{"0":"post-117254","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bible-news","8":"tag-amazon","9":"tag-bids","10":"tag-billion","11":"tag-ebay","12":"tag-gamestop","13":"tag-meme","14":"tag-stock"},"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/117254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=117254"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/117254\/revisions"}],"predecessor-version":[{"id":117256,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/117254\/revisions\/117256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/117255"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=117254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=117254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=117254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}