GameStop plans ebay takeover for $55.5 billion

GameStop has confirmed in a press release that the company has submitted a non-binding takeover offer to online shopping giant ebay. This envisages the purchase of the entire company for $125 per share, i.e. for a total of around $55.5 billion. ebay shares are currently traded on the stock exchange for $104.07, so GameStop would pay a premium of 20.1 percent for this takeover.

GameStop generated a turnover of only $3.63 billion in 2025 with a profit of $232 million. To fund this acquisition, GameStop plans to finance half of the purchase amount with GameStop shares. The other half will be made up of $9.4 billion in liquid assets from GameStop's balance sheet and $20 billion in debt to be provided by TD Securities.

The merger of the two companies is expected to lead to drastic cost savings overall. GameStop aims to save up to $2 billion within just twelve months of the takeover by merging marketing, development and administration. With around 1,600 GameStop stores in the USA alone, ebay would also benefit from a drastically expanded retail and logistics network. GameStop CEO Ryan Cohen would lead the merged company. GameStop was able to generate a profit again in the 2025 financial year, but had to close all stores in Germany and over 400 stores in the USA.