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Market Valuation Comparison
Comparison of market capitalization between GameStop and eBay (in billions USD).
Primary Sources
GameStop Launches $56 Billion Bid to Take Over eBay
Ryan Cohen's $55.5 billion bid for eBay would pair GameStop stores with eBay's marketplace, but financing questions loom over the deal.
GameStop makes $55.5bn takeover offer for eBay - BBC
2 days agoOsmond Chia,Business reporterandDaniel Thomas,Business reporterReuters/Nick ZieminskiVideo game retailer GameStop has made a surprise $55.5bn (£40.9bn) offer to buy e-commerce giant eBay.GameStop's chief executive, Ryan Cohen, said eBay could be much more successful under his leadership and even rival Amazon. He also said he was prepared to take his bid directly to shareholders if eBay's board rejected it. eBay said it will consider the proposal but analysts expressed doubts about the idea.Morgan Stanley said the two companies had "fundamentally different" business models, while Bernstein pointed to GameStop's smaller balance sheet, saying it would be "surprised if anything became of it". GameStop rose to prominence during the Covid-19 pandemic when it became the centre of the so-called meme stock craze.The chain still has around 1,600 outlets in the US and has seen something of a turnaround under Cohen.Its net profit rose to $418.4m in 2025 - up from $131.3m the previous year - although sales fell.eBay, which is worth about four times more than GameStop, was launched in 1995 as a marketplace for hobbyists and became one of tech's best-known brands.But its user base has shrunk amid competition from the likes of Amazon. It currently has 136 million users worldwide, down from 175 million in 2018."eBay should be worth - and will be worth - a lot more money," Cohen told the Wall Street Journal. "It could be a legit competitor to Amazon," he added. Under the proposed deal to buy eBay, Cohen would become the chief executive of the new firm and receive no salary or bonuses, being "compensated solely based on the performance of the combined company".GameStop, which currently has a stock market valuation of around $11.9bn, said it has a commitment letter from TD Securities to provide around $20bn in debt to help finance the takeover.Cohen said he planned to cut costs at eBay by $2bn within a year of a deal being completed.This would mainly fall across eBay's sales and marketing division, which GameStop said had failed to attract more users to a "marketplace with near-universal brand recognition".The proposal does not sound like a "terribly good offer" as it would saddle eBay with GameStop's debt, said Sucharita Kodali, a retail analyst at research firm Forrester.It makes sense for GameStop because it could lift its valuation by being linked with a larger company like eBay, she told the BBC."The truth is, we are not necessarily putting two strong companies...
GameStop's Activist Investor CEO Ryan Cohen Makes $56B Bid for eBay
Ryan Cohen's $56 billion bid for eBay marks his boldest move yet, as GameStop seeks to cut costs and reshape the marketplace giant.
GameStop Makes $56 Billion Offer to Buy eBay - WSJ
GameStop CEO Struggles to Explain Financing for $56 Billion eBay Bid In a CNBC interview, Ryan Cohen was asked how GameStop would finance its unsolicited offer to purchase eBay, a much bigger company.
