GameStop eBay Acquisition Bid: Ryan Cohen's $56 Billion All-In Move in 2026

# GameStop eBay Acquisition Bid: Ryan Cohen's $56 Billion All-In Move in 2026

> **Quick answer:** GameStop made an unsolicited $55.5 billion cash-and-stock bid for eBay on May 3, 2026, offering $125 per share — a 20% premium to eBay's Friday close and 46% above its February 4 price. Ryan Cohen, who quietly built a 5% stake in eBay since early February, says the combined company "could be a legit competitor to Amazon." eBay stock rose ~6% to $110; GameStop fell sharply on dilution fears. The $15 gap between the offer and trading price signals markets are pricing roughly 50% deal probability.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

On Sunday evening, May 3, 2026, Ryan Cohen sent the corporate world one of the most audacious acquisition proposals in recent memory: GameStop — the $12 billion video game retailer turned meme stock phenomenon — was making an unsolicited $55.5 billion bid for eBay. For context, that is nearly four times GameStop's own market value. The markets responded exactly how you'd expect: eBay surged, GameStop sank, and every investor who missed the premarket alert had a very bad Monday morning.

## What Happened: The Deal Structure and Timeline

GameStop's offer values eBay at **$125 per share**, structured as 50% cash and 50% GameStop common stock. Total implied value: approximately $55.5 billion.