Story perspectives

GameStop CEO Offers $56B, 20% Premium for eBay

5/8/2026

Summary

Cohen Offers Bid

GameStop CEO Ryan Cohen offered $56 billion to buy eBay at $125 per share, a 20% premium.
Funding includes $9.4 billion cash, $9 billion equity and at least $20 billion new debt from TD Securities.
The offer lifted eBay ~6% to $110 and pushed GameStop down ~2%.
The reaction included Michael Burry selling his GameStop stake and warning debt is excessive, plus Cohen’s statement he will seek a hostile takeover if eBay declines.

Summary

Cohen Suspended

eBay temporarily suspended Cohen’s seller account, saying the activity endangered the community.
The notice cited a $50,000 listing limit that Cohen reached after posting 36 items within hours.
A source said the account was auto-flagged for volume and price points, then reinstated after manual review.
Cohen posted the suspension screenshots on X, turning the episode into a publicity stunt that reinforced his meme-king reputation and promoted his eBay takeover bid.

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Cohen Offers Bid

GameStop CEO Ryan Cohen offered $56 billion to buy eBay at $125 per share, a 20% premium.
Funding includes $9.4 billion cash, $9 billion equity and at least $20 billion new debt from TD Securities.
The offer lifted eBay ~6% to $110 and pushed GameStop down ~2%.
The reaction included Michael Burry selling his GameStop stake and warning debt is excessive, plus Cohen’s statement he will seek a hostile takeover if eBay declines.

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