GameStop makes $55.5bn takeover offer for eBay

GameStop has made a $55.5 billion takeover offer for eBay, valuing the e-commerce platform at $125 per share—a $20 premium over Friday's close—with GameStop CEO Ryan Cohen signaling willingness to take the bid directly to shareholders if eBay's board rejects it. Cohen has committed to $2 billion in cost cuts within a year, primarily from eBay's sales and marketing division, and pledged to serve as CEO with compensation tied solely to company performance; GameStop secured a $20 billion debt commitment from TD Securities to finance the deal. The reporting is sourced from GameStop's statement and a public letter from Cohen, with named analyst commentary from Forrester's Sucharita Kodali providing critical perspective that the combined entity would not unite two strong companies and that GameStop's real motive is valuation uplift. Cross-verification with Reuters, CNBC, and Bloomberg confirms the deal structure, valuation, and basic facts; Fortune adds context that Cohen has been building a position in eBay ahead of this formal offer, deepening the strategic intent narrative already present in the BBC piece.