GameStop's 'Crazy Idea' To Buy eBay Isn't So Crazy, But It Is Risky

2026-05-04 18:14:46 ET

May 4th was a fascinating day for investors in both eBay Inc. ( EBAY ) and GameStop Corp. ( GME ). Shares of the former jumped 4.6%, while shares of the latter declined 8.3%. This return disparity came after the management team at GameStop announced a proposal to acquire eBay in a deal valued at $125 per share. This represents a 46% premium to the share price that eBay was trading at on February 4th, which was the day that GameStop started acquiring eBay stock. From that time through today, the video game retailer has purchased a 5% economic stake in the business. However, some of this is in the form of derivatives that give it the right to buy shares....

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