GameStop Plans to Propose Acquisition of eBay, Aims for $1 Trillion Retail Giant

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GameStop CEO Ryan Cohen is preparing a potential takeover offer for eBay, a $45 billion e-commerce platform, with the goal of building a $1 trillion retail giant. eBay’s stock rose over 10% in after-hours trading, while GameStop increased by approximately 5%. The company has increased its stake in eBay and may submit the offer by the end of the month. With $9 billion in cash, GameStop is well-positioned to finance the deal. Traders are monitoring altcoins for potential spikes in trading volume following the news.

火星财经消息,据知情人士透露,GameStop CEO Ryan Cohen is planning to make a takeover offer for eBay, a $45 billion e-commerce platform, with the goal of transforming it into a retail giant valued at over $100 billion—while GameStop’s current market cap stands at approximately $11 billion. According to market data, after the news broke, eBay’s stock surged more than 10% in after-hours trading in the U.S., while GameStop rose about 5%. The insiders also revealed that GameStop has quietly increased its stake in eBay and may submit a formal offer as early as late this month. If eBay’s board rejects the offer, Cohen may launch a direct tender offer to eBay shareholders. Earlier this year, Cohen explicitly stated he is actively seeking major acquisition targets in the consumer and retail sectors, aiming to expand the company’s business beyond video games and collectibles. He recently revised his compensation package, which could reward him with up to $35 billion in stock if GameStop achieves milestones such as a $100 billion market cap. As of the end of March, GameStop held approximately $9 billion in cash—up significantly from $4.8 billion a year earlier—providing financial backing for the potential acquisition. eBay’s stock has risen over 50% over the past 12 months, and in February it acquired the secondhand fashion platform Depop for $1.2 billion, signaling early success in its strategic focus on collectibles and fashion. Michael Burry, the real-life inspiration behind the film “The Big Short” and a GameStop investor, has publicly urged the company to use its cash reserves for transformative acquisitions. Since joining the board in 2021 and becoming chairman, Cohen has amassed a large base of passionate supporters through his pledge to turn the company around, and he is expected to once again leverage his vast online fanbase to generate momentum for this deal.

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