GameStop Proposes a $5.6 Billion Takeover Offer for eBay

KuCoinFlash

Release Time: 05/04/2026 00:55:33

Summary

On-chain data shows that GameStop proposed a $5.6 billion acquisition of eBay on May 4, 2026, offering $125 per share in cash and stock. CEO Matt Korner stated that the company holds approximately 5% of eBay’s shares, with the offer representing a 20% premium over eBay’s May 3 closing price. Korner is prepared to initiate a proxy contest if eBay rejects the proposal. On-chain analysis indicates strong institutional interest in the move.

BlockBeats news, on May 4, according to The Wall Street Journal, U.S. company GameStop has proactively offered to acquire online marketplace eBay for approximately $56 billion. GameStop CEO Cohen stated that the company already holds about 5% of eBay’s shares and has proposed an all-cash-and-stock offer of $125 per share, representing a premium of approximately 20% over eBay’s closing price last Friday.

The report also stated that if eBay does not accept this proposal, Cohen said he is prepared to launch a proxy fight and submit the proposal directly to shareholders.

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