GameStop has made an unsolicited, non-binding offer to acquire eBay for $125 per share, valuing the e-commerce platform at roughly $55.5 billion. The offer is split evenly between cash and GameStop common stock and represents a 20% premium to eBay's Friday close of $104.07. GameStop CEO Ryan Cohen believes eBay should be a significant competitor to Amazon. The deal is dependent on approval from eBay's board of directors, regulators, and shareholders from both companies. Gamestop plans to cut $2 billion in annual costs within a year, targeting eBay's bloated sales and marketing budget and its stagnant net active buyer growth.