GameStop's $56 Billion Acquisition Offer for eBay with Cost Reduction Plans, Market Reactions, and CEO's Public Statements

GameStop, led by CEO Ryan Cohen, is preparing to submit an acquisition offer for eBay worth approximately $56 billion, including $125 per share in cash and stock, representing a 20% premium over eBay's closing price. GameStop has built about a 5% stake in eBay and is ready to initiate a proxy fight if eBay rejects the offer. The company anticipates $2.0 billion in annualized cost reductions within twelve months of closing the deal. Cohen projects that eBay's diluted GAAP EPS from continuing operations would increase from $4.26 to $7.79 in the first year due to cost reductions. Following the news, eBay shares jumped 11%, while GameStop shares fell 5.9%. Cohen publicly criticized eBay's current management for inefficiencies and high marketing expenses, and revealed that he has not yet communicated with eBay's management regarding the bid, highlighting challenges due to entrenched interests within eBay's board and management. This move aims to position eBay as a stronger competitor in the e-commerce market and help GameStop seek relevance amid declining sales in the video game retail sector.

Latest News

05-05
TD Cowen suspends rating on eBay after GameStop offer
TD Cowen suspends rating on eBay after GameStop offer
05-04
“Limited Deal Odds,” says Truist Analyst after GameStop’s Surprise Takeover Bid Puts EBAY Stock in Focus
“Limited Deal Odds,” says Truist Analyst after GameStop’s Surprise Takeover Bid Puts EBAY Stock in Focus
05-04
美股异动丨游戏驿站拟560亿美元收购eBay,股价大跌7%,eBay大涨创新高
美股异动丨游戏驿站拟560亿美元收购eBay,股价大跌7%,eBay大涨创新高
05-04
Stifel sees strategic fit, doubts GameStop-eBay deal will actually happen
Stifel sees strategic fit, doubts GameStop-eBay deal will actually happen
05-04
GameStop Drops 3% and eBay Stock up 5% After GameStop Makes Bold $56 Bln Play for eBay, Ready to Go Hostile
GameStop Drops 3% and eBay Stock up 5% After GameStop Makes Bold $56 Bln Play for eBay, Ready to Go Hostile
05-04
游戏驿站以560亿美元现金加股票报价收购eBay后,eBay股价创历史新高,最新上涨5.8%。
游戏驿站以560亿美元现金加股票报价收购eBay后,eBay股价创历史新高,最新上涨5.8%。
05-04
EBAY股价开盘上涨5.6%;GAMESTOP股价下跌6.5%。
EBAY股价开盘上涨5.6%;GAMESTOP股价下跌6.5%。
05-04
eBay Shares Hit Record High After GameStop Makes $56 Bln Cash-and-Stock Offer for Co, Last up 5.8%
eBay Shares Hit Record High After GameStop Makes $56 Bln Cash-and-Stock Offer for Co, Last up 5.8%
05-04
Movement Alert|GameStop Falls 5.11% Intraday, Proposed 55.5 Billion Dollar eBay Acquisition Sparks Market Skepticism
Movement Alert|GameStop Falls 5.11% Intraday, Proposed 55.5 Billion Dollar eBay Acquisition Sparks Market Skepticism
05-04
异动解读|游戏驿站盘中下跌5.11%,蛇吞象式拟560亿美元收购eBay引发市场分歧
异动解读|游戏驿站盘中下跌5.11%,蛇吞象式拟560亿美元收购eBay引发市场分歧
05-04
美股异动丨游戏驿站拟溢价收购,eBay盘前大涨近7%
美股异动丨游戏驿站拟溢价收购,eBay盘前大涨近7%
05-04
游戏驿站提出以560亿美元收购eBay,打造游戏行业的亚马逊!
游戏驿站提出以560亿美元收购eBay,打造游戏行业的亚马逊!
05-04
eBay Acknowledges Receipt of Unsolicited Acquisition Proposal from GameStop
eBay Acknowledges Receipt of Unsolicited Acquisition Proposal from GameStop
05-04
eBay - Board to Review Unsolicited GameStop Proposal With Advisors
eBay - Board to Review Unsolicited GameStop Proposal With Advisors
05-04
Press Release: eBay Confirms Receipt of Unsolicited Proposal from GameStop
Press Release: eBay Confirms Receipt of Unsolicited Proposal from GameStop
05-04
GameStop CEO: We Haven't Heard Anything yet From eBay - CNBC
GameStop CEO: We Haven't Heard Anything yet From eBay - CNBC
05-04
GameStop Corp. (NYSE: GME) Proposes Acquisition of eBay Inc. (NASDAQ: EBAY) in a Cash-and-Stock Transaction
GameStop Corp. (NYSE: GME) Proposes Acquisition of eBay Inc. (NASDAQ: EBAY) in a Cash-and-Stock Transaction
05-04
GameStop Corp. (NYSE: GME) Announces Proposed Acquisition of eBay Inc. in a Cash-and-Stock Transaction
GameStop Corp. (NYSE: GME) Announces Proposed Acquisition of eBay Inc. in a Cash-and-Stock Transaction
05-04
Movement Alert|GameStop Falls 5.11% Pre-Market, Proposed $55.5 Billion eBay Acquisition Sparks Market Skepticism
Movement Alert|GameStop Falls 5.11% Pre-Market, Proposed $55.5 Billion eBay Acquisition Sparks Market Skepticism
05-04
受投资者质疑影响,eBay股价难以跟上GameStop的雄心勃勃的收购报价
受投资者质疑影响,eBay股价难以跟上GameStop的雄心勃勃的收购报价
05-04
Ebay shares struggle to track GameStop's ambitious bid price on investor skepticism
Ebay shares struggle to track GameStop's ambitious bid price on investor skepticism
05-04
GameStop Proposes $56 Billion Acquisition of eBay to Create Amazon Competitor
GameStop Proposes $56 Billion Acquisition of eBay to Create Amazon Competitor
05-04
BUZZ-eBay climbs after GameStop offers $56 billion to buy co
BUZZ-eBay climbs after GameStop offers $56 billion to buy co
05-04
异动解读 | 游戏驿站提出560亿美元收购要约叠加财报超预期,eBay盘前大涨9.75%
异动解读 | 游戏驿站提出560亿美元收购要约叠加财报超预期,eBay盘前大涨9.75%
05-04
Stock Track | eBay Soars 9.75% in Pre-Market on GameStop's $56 Billion Acquisition Offer
Stock Track | eBay Soars 9.75% in Pre-Market on GameStop's $56 Billion Acquisition Offer
05-04
eBay Shares Jump 10.5% Premarket After GameStop Makes $56 Bln Cash-and-Stock Offer for Co
eBay Shares Jump 10.5% Premarket After GameStop Makes $56 Bln Cash-and-Stock Offer for Co
05-04
Movement Alert|eBay Pre-Market Up 11.44%, GameStop Proposes 56 Billion Dollar Acquisition Bid While Q1 Earnings Beat Expectations
Movement Alert|eBay Pre-Market Up 11.44%, GameStop Proposes 56 Billion Dollar Acquisition Bid While Q1 Earnings Beat Expectations
05-04
GameStop Is Hungry for Relevance. Is Buying eBay the Answer?
GameStop Is Hungry for Relevance. Is Buying eBay the Answer?
05-04
游戏驿站(GME.US)“蛇吞象”式豪赌!CEO科恩拟560亿美元溢价收购eBay(EBAY.US),欲造千亿电商新帝国
游戏驿站(GME.US)“蛇吞象”式豪赌!CEO科恩拟560亿美元溢价收购eBay(EBAY.US),欲造千亿电商新帝国
05-04
游戏驿站科恩:仅靠成本削减 eBay持续经营业务稀释后GAAP每股收益首年即可从4.26美元跃升至7.79美元
游戏驿站科恩:仅靠成本削减 eBay持续经营业务稀释后GAAP每股收益首年即可从4.26美元跃升至7.79美元
05-04
游戏驿站CEO科恩:仅通过削减成本,eBay持续经营业务的摊薄GAAP每股收益第一年就将从4.26美元提升至7.79美元
游戏驿站CEO科恩:仅通过削减成本,eBay持续经营业务的摊薄GAAP每股收益第一年就将从4.26美元提升至7.79美元
05-04
据华尔街日报报道游戏驿站(GME.US)已主动提出以约560亿美元的价格收购美国在线交易平台eBay(EBAY.US)。
据华尔街日报报道游戏驿站(GME.US)已主动提出以约560亿美元的价格收购美国在线交易平台eBay(EBAY.US)。
05-04
游戏驿站预计收购eBay交易完成后12个月内实现年化成本削减20亿美元
游戏驿站预计收购eBay交易完成后12个月内实现年化成本削减20亿美元
05-04
GameStop offers to buy eBay for USD 125 per share in cash and stock
GameStop offers to buy eBay for USD 125 per share in cash and stock
05-04
游戏驿站通过衍生品及普通股实益所有权累计持有eBay 5%经济权益
游戏驿站通过衍生品及普通股实益所有权累计持有eBay 5%经济权益
05-04
GameStop: Proposal to Acquire eBay; $55.5 Billion Proposal at $125.00 per Share
GameStop: Proposal to Acquire eBay; $55.5 Billion Proposal at $125.00 per Share
05-04
GameStop Corp: Sees $2.0 Billion of Annualized Cost Reductions Within Twelve Months of Close of Deal for eBay
GameStop Corp: Sees $2.0 Billion of Annualized Cost Reductions Within Twelve Months of Close of Deal for eBay
05-04
GameStop Corp - Aggregate Undiluted Equity Value Is Approximately $55.5 Billion
GameStop Corp - Aggregate Undiluted Equity Value Is Approximately $55.5 Billion
05-04
GameStop Corp's Cohen: I Will Serve as Chief Executive Officer of the Combined Company
GameStop Corp's Cohen: I Will Serve as Chief Executive Officer of the Combined Company
05-04
GameStop Corp - Have Accumulated a 5% Economic Stake in eBay Through Derivatives and Beneficial Ownership of Common Stock
GameStop Corp - Have Accumulated a 5% Economic Stake in eBay Through Derivatives and Beneficial Ownership of Common Stock
05-04
GameStop Corp - Our Offer Is $125.00 per Share, Comprising 50% Cash and 50% GameStop Common Stock
GameStop Corp - Our Offer Is $125.00 per Share, Comprising 50% Cash and 50% GameStop Common Stock
05-04
GameStop Corp's Cohen: on Cost Reductions Alone, eBay’s Diluted Gaap EPS From Continuing Operations Would Increase From $4.26 to $7.79 in Year One
GameStop Corp's Cohen: on Cost Reductions Alone, eBay’s Diluted Gaap EPS From Continuing Operations Would Increase From $4.26 to $7.79 in Year One
05-04
24H | eBay Surges 13%; GameStop Jumps 7%; Palantir Gains 3%; Chip and Optical Communication Stocks Rise
24H | eBay Surges 13%; GameStop Jumps 7%; Palantir Gains 3%; Chip and Optical Communication Stocks Rise
05-04
U.S. After-hours | $eBay(EBAY)$ jumps on $56B GameStop bid, $GameStop(GME)$ inches higher
U.S. After-hours | $eBay(EBAY)$ jumps on $56B GameStop bid, $GameStop(GME)$ inches higher
05-04
Stock Track | eBay Soars 14.83% in Extended Session on GameStop's $56 Billion Acquisition Offer
Stock Track | eBay Soars 14.83% in Extended Session on GameStop's $56 Billion Acquisition Offer
05-04
Movement Alert|eBay Surges 15.31% After Hours, GameStop Proposes Acquisition at $125 Per Share With 20% Premium
Movement Alert|eBay Surges 15.31% After Hours, GameStop Proposes Acquisition at $125 Per Share With 20% Premium
05-04
Movement Alert|GameStop After-Hours Up 7.43%, Plans Snake-Swallows-Elephant Acquisition of eBay in Bid for $100 Billion Valuation
Movement Alert|GameStop After-Hours Up 7.43%, Plans Snake-Swallows-Elephant Acquisition of eBay in Bid for $100 Billion Valuation
05-04
异动解读 | 游戏驿站提出560亿美元收购要约,eBay夜盘大涨14.83%
异动解读 | 游戏驿站提出560亿美元收购要约,eBay夜盘大涨14.83%
05-04
游戏驿站提议560亿美元收购eBay
游戏驿站提议560亿美元收购eBay
05-04
GameStop对eBay发起560亿美元的豪赌,准备发起敌意收购
GameStop对eBay发起560亿美元的豪赌,准备发起敌意收购
05-04
GameStop对eBay发起560亿美元的豪赌,准备发起敌意收购
GameStop对eBay发起560亿美元的豪赌,准备发起敌意收购
05-04
游戏驿站提出以每股125美元或约合560亿美元的价格收购eBay
游戏驿站提出以每股125美元或约合560亿美元的价格收购eBay
05-04
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says -- WSJ
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says -- WSJ
05-04
GameStop is hungry for relevance. Is buying eBay the answer?
GameStop is hungry for relevance. Is buying eBay the answer?
05-04
《华尔街日报》:GameStop首席执行官科恩主动要约560亿美元收购eBay
《华尔街日报》:GameStop首席执行官科恩主动要约560亿美元收购eBay
05-04
GameStop CEO Ryan Cohen makes unsolicited offer to buy eBay for about $56 bln, WSJ says
GameStop CEO Ryan Cohen makes unsolicited offer to buy eBay for about $56 bln, WSJ says
05-04
据华尔街日报,游戏驿站(GameStop)首席执行官Cohen 称提议以560亿美元收购eBay。
据华尔街日报,游戏驿站(GameStop)首席执行官Cohen 称提议以560亿美元收购eBay。
05-04
据华尔街日报:游戏驿站(GME.US)提出以每股125美元或约合560亿美元的价格收购eBay(EBAY.US)。
据华尔街日报:游戏驿站(GME.US)提出以每股125美元或约合560亿美元的价格收购eBay(EBAY.US)。
05-04
游戏驿站CEO科恩表示,有意以560亿美元收购eBay。
游戏驿站CEO科恩表示,有意以560亿美元收购eBay。
05-04
IF eBay Isn’t Receptive to the Proposal, GameStop's CEO Cohen Said He Was Prepared to Run a Proxy Fight and Take Offer Directly to Shareholders- WSJ
IF eBay Isn’t Receptive to the Proposal, GameStop's CEO Cohen Said He Was Prepared to Run a Proxy Fight and Take Offer Directly to Shareholders- WSJ
05-04
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says - WSJ
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says - WSJ
05-03
Why eBay, in Its Latest Incarnation, Is a Takeover Target for GameStop -- WSJ
Why eBay, in Its Latest Incarnation, Is a Takeover Target for GameStop -- WSJ
05-02
GameStop CEO's Trillion-Dollar Market Cap Gamble: Acquiring eBay Just the First Step in Massive Compensation Plan?
GameStop CEO's Trillion-Dollar Market Cap Gamble: Acquiring eBay Just the First Step in Massive Compensation Plan?
05-02
eBay Stock Soars 12% and GameStop Stock Rises 4% After GameStop Preparing Offer for eBay
eBay Stock Soars 12% and GameStop Stock Rises 4% After GameStop Preparing Offer for eBay
05-02
eBay up 13% to $117.70 after WSJ report of possible buyout by GameStop
eBay up 13% to $117.70 after WSJ report of possible buyout by GameStop
05-02
游戏驿站(GameStop)或最快于本月提交对易贝(eBay)的收购要约。游戏驿站美股盘后涨超4%。
游戏驿站(GameStop)或最快于本月提交对易贝(eBay)的收购要约。游戏驿站美股盘后涨超4%。
05-02
GameStop Explores Acquisition of eBay in Bold Move to Boost Market Value
GameStop Explores Acquisition of eBay in Bold Move to Boost Market Value
05-02
散户惹宠股又有新爆点?GME拟蛇吞象收购eBay,CEO剑指千亿市值
散户惹宠股又有新爆点?GME拟蛇吞象收购eBay,CEO剑指千亿市值
05-02
GameStop, eBay shares rally on report of takeover bid
GameStop, eBay shares rally on report of takeover bid
05-02
《华尔街日报》报导称,GameStop正准备向eBay提出收购要约
《华尔街日报》报导称,GameStop正准备向eBay提出收购要约
05-02
GameStop is preparing offer for eBay, WSJ reports
GameStop is preparing offer for eBay, WSJ reports
05-02
游戏驿站(GME)正准备向eBay提出建议前者一直在(增加)持股eBay、但头寸目前还不得而知。(华尔街日报)。
游戏驿站(GME)正准备向eBay提出建议前者一直在(增加)持股eBay、但头寸目前还不得而知。(华尔街日报)。
05-02
《华尔街日报》报道称,GameStop正准备向eBay提出收购要约
《华尔街日报》报道称,GameStop正准备向eBay提出收购要约
05-02
Shares of eBay up 10% in Extended Trade; WSJ Reports GameStop Preparing Offer
Shares of eBay up 10% in Extended Trade; WSJ Reports GameStop Preparing Offer
05-02
GameStop preparing offer for eBay, WSJ reports
GameStop preparing offer for eBay, WSJ reports
05-02
BRIEF-Gamestop Preparing Offer For Ebay - WSJ
BRIEF-Gamestop Preparing Offer For Ebay - WSJ
05-02
GameStop Could Submit an Offer for eBay as Soon as Later This Month- WSJ
GameStop Could Submit an Offer for eBay as Soon as Later This Month- WSJ
05-02
GameStop Has Been Quietly Building Stake in eBay’s Shares Ahead of Potential Offer - WSJ
GameStop Has Been Quietly Building Stake in eBay’s Shares Ahead of Potential Offer - WSJ

User Discussion

GameStop Deploys Its $9B Cash War Chest in Unsolicited $56B eBay Pursuit

​The David and Goliath of E-Commerce: GameStop’s Quest for eBay $GameStop(GME)$   $eBay(EBAY)$   @TigerObserver  @TigerPM  @Daily_Discussion  @MillionaireTiger  @TigerStars   ​1. The Unthinkable Headline ​It started with a bombshell from the Wall Street Journal: GameStop is preparing an offer for eBay. At first glance, the math looks broken. GameStop, a company valued at $12 billion that most
GameStop Deploys Its $9B Cash War Chest in Unsolicited $56B eBay Pursuit