GameStop is making one of the boldest moves in retail tech this year after CEO Ryan Cohen launched an unsolicited $56 billion bid to acquire eBay. The proposed deal values eBay at $125 per share and would combine GameStop’s physical retail footprint with eBay’s global marketplace in an attempt to build a stronger competitor to Amazon. Cohen says the merged company could be worth “hundreds of billions,” with plans to cut billions in costs, expand authentication services, and push deeper into collectibles, live commerce, and online resale. Markets reacted immediately, with eBay shares moving higher as investors weighed whether one of the biggest meme stock stories in history could pull off one of the most unexpected tech acquisitions of the decade.
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