GameStop Preparing Offer for eBay

    https://www.wsj.com/business/deals/gamestop-preparing-offer-for-ebay-1678e6de?st=eADExT&reflink=article_copyURL_share

    Posted by Oreos_Are_Anabolic

    28 Comments

    1. Oreos_Are_Anabolic on

      * GameStop is preparing a potential bid for eBay as part of a broader transformation strategy.

      * CEO Ryan Cohen is driving the push to scale GameStop into a $100B+ company, expanding far beyond gaming and collectibles.

      * GameStop (≈$12B market cap) has been quietly accumulating a stake in eBay (≈$45–46B market cap), signaling serious acquisition intent despite the size gap.

      * A formal offer could come within weeks; if rejected, GameStop may appeal directly to eBay shareholders (hostile approach).

      * Cohen’s compensation is heavily tied to performance, with potential stock gains up to ~$35B if valuation targets (including $100B market cap) are achieved.

      * Influential investor Michael Burry has supported the idea of using GameStop’s cash for transformative M&A.

      * GameStop’s stock is up ~30% YTD, partly on deal speculation; eBay’s stock has risen >50% over the past year on improved business focus.

      * eBay has been strengthening its core categories and recently acquired Depop from Etsy for $1.2B.

      * GameStop holds a large cash position (~$9B), providing firepower for acquisitions, though still below the scale needed for a full buyout without financing.

    2. ShartInYourFace on

      Cohen should buy Nintendo. And restore their console to the #1 spot in gaming.

    3. Acrobatic_Win_2527 on

      Just imagine: a platform where you can pay for Funko Pops entirely in Funko Pops

    4. NonimiJewelry on

      GameStop completely failed at bringing back their physical stores and they failed to bring about their online marketplace, so this makes sense for them, just buying a working marketplace.

    5. The CEO of eBay is a great guy and literally a genius. Very high IQ and memory recall. I am confident this would work out well for everyone.

    6. Please no.. I’ve used ebay for some 20 years. It’s been great. I don’t expect it to be after this…why is everything going to absolute garbage.

    7. CanIhazCooKIenOw on

      Oldest trick in the book. “Oh I’ll buy this bigger company” so the bigger company will end up buying them.

    8. DaySecure7642 on

      How the hell can a MEME stock end up biding for eBay. CEO of the year.

    9. FEMA_Camp_Survivor on

      I can finally sell my 5 EBay shares and afford to buy a PS5. Patience truly pays off. 

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