GameStop
GameStop details $55.5B eBay bid with 5% stake, bitcoin funding in focus
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Updating its unsolicited bid announced earlier on May 4, GameStop has disclosed a 5% economic stake in eBay while proposing a $55.5 billion non-binding acquisition at $125 per share in cash and stock. Funding includes $9.4 billion in cash and liquid investments—featuring $368 million in bitcoin—and up to $20 billion in financing, prompting questions over the retailer's cryptocurrency future.
GameStop will remove the points system from its Pro Membership program starting this summer. The change comes as the retailer continues to close stores and reduce costs.
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eBay's board of directors has firmly rejected a $56 billion takeover offer from GameStop CEO Ryan Cohen, describing the proposal as neither credible nor attractive.
GameStop's promotional 'Trade Anything Day' on December 6, 2025, resulted in over 80,000 unusual trades across U.S. stores, with customers offering everything from taxidermied animals to a can of whoop-ass for $5 store credit. The event aimed to boost awareness of the retailer's trade-in program while collecting donations for food banks. Employees faced awkward situations, including rejected attempts to trade pets and personal documents.