GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it

GameStop publicly offered to acquire eBay for $55.5 billion, or $125 per share, with financing split 50-50 cash and stock. The plan envisions a combined entity using GameStop’s ~1,600 US locations as a national network for authentication, intake, fulfillment, and live commerce, and would place Cohen as CEO if the deal closes. The offer is unsolicited and framed around cost cuts and leveraging GameStop’s store footprint and potential post-merger roles for executives. Analysts and traders expressed skepticism about the deal’s feasibility and funding, with some noting doubts about management’s ability to finance and execute the acquisition.