5 billion, or $125 per share, multiple media outlets reported on Thursday. The bid, led by GameStop CEO Ryan Cohen, would be paid for with a combination of cash and GameStop stock in equal measure, representing about a 20% premium over eBay's current market valuation, the reports added. GameStop, which has been sitting on a large cash reserve, holds about $9 billion in cash and has secured a commitment letter from TD Securities for approximately $20 billion in debt financing, The Wall Street Journal reported.
To fund the remainder of the purchase price, Cohen might bring in outside investors, CNBC added. Should eBay's board spurn the offer, Cohen is prepared to launch a hostile takeover, bypassing the board and appealing directly to eBay shareholders, according to CNBC. GameStop already owns about 5% of eBay, according to multiple reports covering the bid.
I will receive no salary, no cash bonuses, and no golden parachute – I will be compensated solely based on the performance of the combined company.
In an interview with Metro, Cohen said he sees eBay as undervalued and poised to become a real competitor to Amazon. His plan calls for $2 billion in annual cost savings within the first year after closing, primarily by cutting overlapping sales and marketing expenses, the reports noted. S.
retail locations to collect and authenticate items sold on eBay, a move he outlined to CNBC. He said he would serve as CEO of both companies without taking any salary, cash bonuses, or a golden parachute, according to an official statement. According to the statement, his compensation would be tied solely to the combined company's financial performance, a structure he defended as aligning his interests with shareholders.
a lot more money
eBay has so far remained silent on the unexpected approach, with both The Wall Street Journal and CNBC noting the company had not responded to requests for comment. The e-commerce giant separately disclosed a 19% jump in revenue for the first quarter of 2026. 5 billion deal beyond the $29 billion in already committed funds, and whether the proposal would clear antitrust review.
The ultimate reaction of eBay's board and shareholders is also an open question.
could be a legit competitor to Amazon