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Barchart
Barchart
Aditya Raghunath

GameStop Stock Is Selling Off on Its Bid for eBay. Wall Street Doesn't Think the Deal Will Go Through Anyway.

GameStop eBay FOR Ryan Cohen GME

GameStop (GME) CEO Ryan Cohen is swinging big, but the key question is whether Wall Street believes him.

GameStop shocked markets with a non-binding proposal to acquire eBay (EBAY) for $125 per share, a deal valued at roughly $55.5 billion. The offer is split 50% cash and 50% GME stock. It comes at a 46% premium to eBay's closing price on Feb. 4, 2026, the day GameStop began building a 5% stake in the e-commerce company through derivatives and direct stock ownership. 

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