- Company GameStop, a beneficiary of the coordinated memecoin pump, has made a non-binding offer to acquire eBay at $125 per share.
- As a result, the share prices of both companies rose, which, it is possible, was the main goal of the initiative.
On Monday, eBay (EBAY) shares were in preliminary trading jumped GameStop (GME) surged 13% after it made a non-binding offer to acquire the company for $125 per share in cash and stock. Interestingly, GameStop shares rose 4,2%.
On Sunday, GameStop (GME), which has a market value of nearly $12 billion, reported, which formed a 5 percent economic stake in eBay through the use of derivatives and direct ownership of common stock. eBay’s market capitalization is approximately $46 billion. The proposed price represents a 46 percent premium to eBay’s closing price on February 4, the day GameStop began increasing its position in the company.
eBay Stock Price Changes Perplexity Data
Morgan Stanley analyst Nathan Feather noted that financing would be a key issue in any hypothetical acquisition, as eBay’s market capitalization is roughly four times that of GameStop.
“We’re initially skeptical about the potential for synergies. However, regardless of the outcome, the proposal would demonstrate eBay’s increased strategic value,” Feather noted.
The proposed price is $125 per share and consists of 50% cash and 50% GameStop common stock. Shareholders are given full discretion over their form of compensation, subject to the pro rata distribution principle. The total undiluted equity value is estimated at approximately $55,5 billion.
The cash portion of the award is expected to be funded by GameStop’s cash and liquid investments (which totaled $9,4 billion as of January 31, 2026) and third-party acquisition financing. GameStop has received a letter from TD Securities confirming the availability of up to $20 billion in financing.
Ryan Cohen, who has led GameStop since January 2021, is expected to take over as CEO of the combined company after the deal closes.
In late January, Cohen announced his intention to make a “very, very, very large” acquisition of a larger consumer company that would truly transform GameStop. Electronics retailer Best Buy (BBY) was widely considered the target.
GameStop rose to prominence five years ago when an organized group of retail investors started buying up en masse its securities. This triggered a rapid rise in share prices, giving the company a chance to survive in the market.
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