An Options Trade Underpins GameStop's eBay Takeover Bid
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GameStop submitted a non-binding $55.5 billion offer to acquire eBay at $125 per share on Sunday, proposing to fund the deal with $9.4 billion in cash and liquid investments plus up to $20 billion in financing backed by TD Securities.
GameStop CEO Ryan Cohen's perplexing appearance on CNBC didn't exactly help soothe worries about deal financing.
The proposed $56 billion transaction would see what was once one of the biggest names on the internet become the property of a Grapevine-based chain of video game stores. In January 2021, GameStop stock was notoriously the subject of a so-called “short squeeze.
Shares of GameStop (NYSE:GME) are sliding in early Monday trading, indicated to open down roughly 6% at around $25. The pullback follows Friday’s rally, when the stock closed at $26.53, up 6% on the session.
Retail traders online were pumped about the idea that Ryan Cohen's plan could turn GameStop into a next-era Berkshire Hathaway.
GameStop Corp. shares rose 1.64% to $25.36 in morning trading Monday, extending a streak of modest gains as retail investors returned to the embattled video game retailer, once again demonstrating the unpredictable power of meme-stock momentum in 2026.
Video game retailer GameStop wants to buy the considerably larger eBay for $56 billion. NPR's Leila Fadel asks Wall Street Journal reporter Lauren Thomas about the offer.