GameStop prepares takeover offer for eBay following quiet stake building

May 1, 2026, 9:54:08 PM UTC(13 hours ago)

Impact: Medium

Affected Assets

GameStop has been quietly building a minority stake in eBay shares ahead of a potential formal acquisition offer
Shares of eBay surged approximately 9 percent in extended trading following the report while GameStop shares rose 3 percent
The potential deal is part of CEO Ryan Cohen's strategy to increase GameStop's market capitalization to a target of 100 billion dollars
eBay currently holds a market capitalization of roughly 46 billion dollars compared to GameStop's valuation of nearly 12 billion dollars
Sources indicate a formal offer could be submitted as early as late May 2026 as the retailer seeks to diversify its business model

JUST IN: GameStop $GME is preparing an offer to acquire $EBAY, WSJ reports. https://t.co/2pZpsTw3uL