GameStop
GameStop details $55.5B eBay bid with 5% stake, bitcoin funding in focus
Reported by AI Image generated by AI
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.
Ryan Cohen’s eBay auctions of collectibles, intended to help fund a bid for the marketplace itself, have drawn accusations that some items came from the former Game Informer vault.
Reported by AI
GameStop chief executive Ryan Cohen has listed a collection of personal and company-related items for sale on eBay. The move comes as the retailer explores acquiring the online marketplace itself. Proceeds from the auctions are described as a contribution toward that goal.
GameStop's CEO Ryan Cohen stands to gain a $35 billion payout if the company's market cap reaches $100 billion, a goal that involves closing hundreds of stores. The retailer has already shuttered 590 locations in 2024 and plans more closures in early 2026. Customer frustrations are mounting over trade-in incentives amid the shutdowns.
Reported by AI
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.