Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
GameStop Corp (NYSE: GME) has made headlines after submitting an unsolicited $56 billion bid to acquire eBay Inc (NASDAQ: EBAY), signaling a major shift in the e-commerce and retail landscape. The offer, announced Sunday evening, values eBay at $125 per share, representing approximately a 20% premium over its recent closing price. The proposed deal structure includes 50% cash and 50% GameStop stock, highlighting the company’s aggressive expansion strategy.
In addition to the acquisition proposal, GameStop revealed it has already secured a roughly 5% stake in eBay, strengthening its position as a serious contender in the transaction. CEO Ryan Cohen, who previously hinted at this move in an interview with The Wall Street Journal, aims to transform eBay into a stronger competitor against Amazon (NASDAQ: AMZN), one of the dominant players in global e-commerce.
Cohen has also made it clear that GameStop is prepared to pursue a proxy fight if eBay’s board does not respond favorably. This indicates a potentially contentious negotiation process, with GameStop willing to take its offer directly to shareholders. The company believes the merger could unlock significant value by streamlining operations and improving efficiency.
GameStop estimates it can achieve $2 billion in annual cost savings within the first year following the deal’s completion. The company claims eBay has been overspending on sales and marketing, and plans to optimize these areas to boost profitability. To finance the acquisition, GameStop intends to use a mix of cash and debt, supported by a $20 billion debt commitment from TD Securities.
If the deal proceeds, Ryan Cohen is expected to lead the combined company as CEO, further emphasizing his vision for reshaping the digital marketplace. The announcement has already impacted eBay’s stock, which saw a notable surge in after-hours trading, reflecting investor interest and speculation surrounding the potential acquisition.
This bold move could redefine competition in the online retail sector, positioning GameStop as a more diversified and influential player in the evolving e-commerce ecosystem.
