GameStop ($GME) is preparing a potential offer for eBay ($EBAY), according to people familiar with the matter, as CEO Ryan Cohen explores a major acquisition to expand the company beyond its core retail business.
- GameStop has been quietly building a stake in eBay ahead of a possible takeover bid.
- An offer could be submitted as soon as later this month, depending on internal decisions.
- eBay shares rose more than 10% in after-hours trading following reports, while GameStop gained around 5%.
- GameStop has a market value of roughly $11 billion, compared to eBay’s approximately $45 billion.
- The company held about $9 billion in cash at the end of March, up from $4.8 billion a year earlier.
- Ryan Cohen has signaled interest in large-scale acquisitions to grow GameStop into a significantly larger business.
- Cohen’s compensation package includes incentives tied to achieving a $100 billion market valuation.
- If eBay resists, GameStop could consider taking an offer directly to shareholders.
Relevant Companies
- GameStop ($GME) – Exploring a transformative acquisition that could significantly alter its business strategy and scale.
- eBay ($EBAY) – Potential takeover target experiencing share price volatility following deal reports.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
