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Ryan Cohen’s surprise $55–56 billion unsolicited offer to buy eBay has thrust the activist GameStop CEO into the center of an unlikely takeover drama. Cohen, who already holds roughly a 5% stake, pitched a $125-per-share cash-and-stock deal, secured about $20 billion in committed financing, and said he would become CEO of the combined company while pursuing $2 billion in cost cuts. The bid sparked big swings in both stocks, raised skepticism about financing and strategic fit, and provoked public theatrics — including Cohen listing personal items on eBay and later having his account suspended — signaling a combative campaign that may head to a proxy fight.
瑞安·科恩表示自己对GameStop“并不热衷”，同时正对eBay发起绝望的收购要约 - Kotaku
GameStop CEO Ryan Cohen says eBay closed his seller account after he listed personal items — including a pair of socks and other belongings — to help fund his proposed $56 billion takeover of the e-commerce platform. Cohen posted the listings as a stunt tied to his bid, drawing attention to both the offer and the unusual fundraising approach. eBay has not publicly detailed why the account was suspended. The episode spotlights escalating tensions between high-profile tech investors and online marketplaces, and raises questions about platform enforcement, promotional tactics by executives, and the limits of using peer-to-peer marketplaces in activist corporate campaigns.
GameStop CEO Ryan Cohen said his eBay account was permanently suspended after he used the marketplace to sell socks as part of a campaign to raise funds for a surprise $56 billion bid to acquire eBay. Cohen — whose company already holds roughly 5% of eBay and has offered $125 per share (about a 20% premium) — sold items on eBay, with one sock pair fetching $7,500, and reportedly hit monthly seller limits. GameStop has a $20 billion debt commitment from TD Bank and may seek outside investors, including Middle East sovereign wealth funds; Cohen also warned he would launch a proxy contest if eBay resists. The suspension raises platform-policy and fundraising questions for activist acquisition tactics.
GameStop CEO Ryan Cohen announced that his eBay account has been permanently deactivated after eBay flagged conduct it said could jeopardize community safety. Cohen shared a screenshot of the notice on social media on May 7, 2026; eBay cited potential safety-related behavior as the reason for the ban. The incident draws attention because Cohen is a high-profile tech investor and executive who actively buys and sells collectibles and electronics online, and his public dispute with a major marketplace highlights platform enforcement, user trust, and account governance issues that matter to marketplaces, sellers, and high-profile users.
GameStop shares plunged after activist investor Ryan Cohen revealed a surprise $56 billion takeover proposal for eBay and gave a combative CNBC interview outlining aggressive plans. Cohen, who leads RC Ventures and controls a large stake in GameStop, said the offer and strategic rationale aim to transform GameStop into a broader e-commerce and tech-focused company; eBay’s board and market participants reacted nervously, driving volatility in both stocks. The episode matters because it signals renewed activist-driven consolidation attempts in online marketplaces, could reshape competitive dynamics between legacy platforms and retail-focused tech plays, and highlights how high-profile investor interviews can move markets and influence tech M&A narratives.
GameStop launched an unsolicited $55.5 billion cash-and-stock bid to acquire eBay, offering $125 per share and proposing Ryan Cohen would become CEO of the combined company. The deal would be financed partly by a $20 billion commitment from TD Securities and include plans to cut $2 billion in eBay costs within a year, primarily in sales and marketing. eBay said it will consider the proposal, while analysts at Morgan Stanley and Bernstein questioned the strategic fit and GameStop’s smaller balance sheet. Shares in eBay rose about 5% and GameStop fell over 9% after the announcement. The bid underscores Cohen’s push to reshape GameStop into a larger e-commerce player.
A social media post from @AsiaFinance claims GameStop (GME) may be considering acquiring eBay, citing an on-air reaction to comments attributed to GameStop CEO Ryan Cohen. The post alleges a narrative involving investor Michael Burry: after losses shorting AI-related stocks such as Nvidia (NVDA), he supposedly turned bullish on GME and then “conspired” with Cohen to manipulate GameStop’s share price. It also cites market capitalizations of about $12 billion for GameStop and $46 billion for eBay to highlight the scale mismatch. No evidence, dates, transaction details, or official filings are provided in the excerpt, and the content is largely speculative and accusatory, based on limited information and a link to a clip.
Bloomberg : eBay's stock jumps 6%+ to ~$111, below GameStop's $125/share acquisition offer, in a sign investors see hurdles to completing a deal; GameStop's stock drops 6%+ — Meme Stock GameStop Pitches $56 Billion eBay Takeover — Video Player is loading. — Unmute — Current Time 0:00 Loaded: 36.28% Playback Rate
GameStop has made an unsolicited $55.5bn cash-and-stock bid to buy eBay, valuing the e-commerce company at $125 a share. GameStop CEO Ryan Cohen said he would become CEO of the combined company, accept no salary, and pursue $2bn in cost savings within a year, mostly by cutting $1.2bn from eBay’s sales and marketing. GameStop has secured a TD Securities commitment for about $20bn of debt financing. The offer lifted eBay shares and gives GameStop potential scale and a 1,600-store physical network for “live commerce,” but analysts warn the deal could saddle eBay with GameStop’s debt and may not create two strong businesses. eBay did not immediately comment.
GameStop has made an unsolicited $55.5 billion cash-and-stock bid to acquire eBay, valuing the e-commerce firm at $125 per share. CEO Ryan Cohen said he would become CEO of the combined company, take no salary, and pursue $2 billion in cost cuts—largely by trimming $1.2 billion from eBay’s sales and marketing spend—and is prepared to take the offer directly to shareholders if eBay’s board rebuffs it. GameStop, valued at about $11.9 billion, has a commitment from TD Securities for roughly $20 billion in debt financing. The proposal sent eBay shares up 13% in after-hours trading and reflects Cohen’s push to accelerate GameStop’s shift into e-commerce and live commerce using GameStop’s 1,600 U.S. stores.
GameStop has made an unsolicited $56 billion bid to acquire eBay, offering $125 per share — about a 20% premium — in a cash-and-stock proposal, Reuters reports. CEO Ryan Cohen, who already owns roughly 5% of eBay, said he believes eBay is undervalued and aims to build it into a company worth hundreds of billions; if eBay rebuffs the offer, Cohen plans a proxy contest to take the proposal directly to shareholders. GameStop has secured a $20 billion debt financing commitment from TD Bank and may seek outside investors, including Middle Eastern sovereign wealth, to complete the takeover. Analysts note such a reverse-size takeover would rely heavily on leverage and dilution and is unusually ambitious.
GameStop CEO Ryan Cohen has proposed a roughly $56 billion takeover of eBay, according to reports. Cohen says GameStop already owns about a 5% stake in eBay and offered to buy the company at $125 per share in a cash-and-stock deal, representing about a 20% premium to eBay’s closing price last Friday. The proposal signals activist intent by Cohen to reshape or consolidate online marketplaces, potentially combining GameStop’s retail/collectibles focus with eBay’s long-established auction and commerce platform. The bid could trigger strategic decisions at eBay’s board, affect investor dynamics, and reshape competition in e-commerce and secondary markets. Key players: GameStop, CEO Ryan Cohen, and eBay.
GameStop提出以约560亿美元收购eBay
Lauren Thomas / Wall Street Journal : GameStop CEO Ryan Cohen says he is making an unsolicited ~$56B offer to buy eBay and will take the offer to shareholders if the company is not receptive — Cohen told The Wall Street Journal he wants to make eBay a ‘legit competitor to Amazon’ — GameStop Chief Executive Ryan Cohen …
GameStop CEO Ryan Cohen told investors the company has made a tentative $56 billion proposal to acquire eBay, aiming to combine GameStop’s retail and digital ambitions with eBay’s large online marketplace. The pitch, if serious, would be a major consolidation move in e-commerce, pairing GameStop’s turnaround efforts and activist-investor backing with eBay’s scale and payments capabilities. Such a deal could reshape online marketplace competition, affect seller and buyer ecosystems, and accelerate GameStop’s shift from physical retail toward a broader digital commerce and payments strategy. The report raises questions about financing, regulatory scrutiny, and whether eBay’s board would entertain a transaction amid differing corporate priorities.
GameStop Preparing Offer for eBay