India, May 4 -- GameStop Corp. (GME) announced late Sunday that it has submitted a non-binding proposal to acquire eBay Inc. (EBAY) at $125.00 per share in cash and stock. The deal shows aggregate equity value of around $55.5 billion.
In Overnight trading, eBay shares were gaining around 12.3 percent, trading at $116.91, and GameStop is gaining 8.2%, at $28.71.
The proposed per share offer comprises 50 percent cash and 50 percent GameStop common stock, with full shareholder election rights as to consideration type and pro-rata allocation.
The offer represents a 46 percent premium to eBay's unaffected closing price on February 4, 2026, the day GameStop started accumulating its position in eBay. GameStop now holds a 5 percent economic stak...