• GameStop submitted a non-binding proposal to acquire 100% of eBay for USD 125 per share, split 50% cash and 50% GameStop common stock, with shareholder election rights subject to proration.
• Offer implies undiluted equity value of about USD 55.5 billion, a 46% premium to eBay’s unaffected close on Feb. 4, 2026, a 27% premium to 30-day VWAP, a 36% premium to 90-day VWAP.
• GameStop built a 5% economic stake in eBay through derivatives and beneficial ownership of common stock.
• Cash portion expected to be funded from about USD 9.4 billion of cash and liquid investments as of Jan. 31, 2026, backed by a highly confident TD Securities letter for up to USD 20 billion of acquisition financing.
• Plan targets USD 2 billion of annualized cost cuts within 12 months of closing, lifting eBay diluted GAAP EPS from continuing operations to USD 7.79 from USD 4.26 in year one; Ryan Cohen slated to become CEO of combined company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GameStop Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260503694843) on May 04, 2026, and is solely responsible for the information contained therein.