{"id":24429,"date":"2026-05-04T17:49:25","date_gmt":"2026-05-04T17:49:25","guid":{"rendered":"https:\/\/www.europesays.com\/news\/24429\/"},"modified":"2026-05-04T17:49:25","modified_gmt":"2026-05-04T17:49:25","slug":"shares-of-ebay-take-off-on-a-56-billion-buyout-bid-from-gamestops-ryan-cohen","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/news\/24429\/","title":{"rendered":"Shares of eBay take off on a $56 billion buyout bid from GameStop’s Ryan Cohen"},"content":{"rendered":"

Shares of eBay are soaring before the opening bell Monday as Ryan Cohen\u2019s<\/a> GameStop pursues an approximately $56 billion takeover of the company, seeing it as a vehicle to compete with online retail giant Amazon.<\/p>\n

The national gaming retailer said that its approximately 1,600 U.S. stores could become drop-off and shipping locations. One proposal includes live sales broadcasts from GameStop locations featuring eBay products. <\/p>\n

\u201cEBay has the second largest commerce franchise and there\u2019s a big opportunity to do something much larger,\u201d Cohen said in a CNBC interview Monday. <\/p>\n

GameStop\u2019s bid is $125 per share in cash and stock. The equity value of the proposed deal is $55 billion on paper.<\/p>\n

EBay confirmed the huge bid on Monday and said that it has had no talks with GameStop or received any outreach from the company before it received the proposal.<\/p>\n

The company\u2019s board, along with financial and legal advisors, will review the offer and determine what course of action to take, eBay said. <\/p>\n

GameStop said that it started accumulating shares in eBay<\/a> beginning in February and currently has a 5% stake.<\/p>\n

The company is looking to lower costs at eBay, saying that the online seller spent $2.4 billion on sales and marketing in fiscal 2025 while only adding 1 million net active buyers. GameStop says it will achieve $2 billion in annualized cost cuts within a year of the proposed transaction\u2019s closing.<\/p>\n

Cohen, who owns about 9% of GameStop, would serve as CEO of the combined company. He would only be compensated based on the combined company\u2019s performance.<\/p>\n

Cohen became CEO of GameStop in 2023. At the time the position had become a rotating door with the company trying to survive as streaming upended the gaming industry. GameStop became one of the most well-known meme stocks<\/a> to create a frenzy among retail traders on Wall Street. The company\u2019s shares took off in 2021 after a band of smaller-pocketed investors helped boost its stock by 1,000% in two weeks.<\/p>\n

GameStop shares have fallen since then, but are still up more than 30% this year. <\/p>\n

Shares of eBay jumped more than 7% in premarket trading, while GameStop\u2019s stock declined nearly 3%. <\/p>\n","protected":false},"excerpt":{"rendered":"Shares of eBay are soaring before the opening bell Monday as Ryan Cohen\u2019s GameStop pursues an approximately $56…\n","protected":false},"author":2,"featured_media":24430,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[276,112,14217,7372,50,8,277,9,10543,14218,6440,199,7,1822,54],"class_list":{"0":"post-24429","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-stories","8":"tag-amazon-com","9":"tag-business","10":"tag-ebay","11":"tag-gamestop-corp","12":"tag-general-news","13":"tag-headlines","14":"tag-inc","15":"tag-news","16":"tag-retail-and-wholesale","17":"tag-ryan-cohen","18":"tag-stocks-and-bonds","19":"tag-technology","20":"tag-top-stories","21":"tag-transportation-and-shipping","22":"tag-u-s-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116517572655764738","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/24429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=24429"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/24429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/24430"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=24429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=24429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=24429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}