EBay pops 6% as GameStop’s Ryan Cohen makes unsolicited $56B offer to buy company
By Thomas Barrabi
Published on May 4, 2026.
Shares of eBay rose 6% after GameStop CEO Ryan Cohen made an unsolicited $56 billion bid to buy the company. Cohen claimed that he plans to create eBay into a "something worth hundreds of billions of dollars" and could become a competitor to Amazon in the ecommerce sector. The non-binding proposal was offered at $125 per share in cash and stock, a 20% premium over eBay's closing price. Meanwhile, GameStop's shares fell more than 8%, dropping its market cap below $11 billion. Despite this, some Wall Street analysts have expressed skepticism about the deal, suggesting significant dilution and execution risk.
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