Other GameStop offers to buy eBay for $55.5 billion

Demon_Skeith

Demon_Skeith

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GameStop has offered to buy eBay for $55.5 billion, a move that would give the video game retailer control over a decades-old online marketplace where people can buy and sell collectibles, apparel, and other goods.

Under the takeover proposal, GameStop said on Sunday it is offering $125 per share for eBay in cash and stock. The video game company, based in Grapevine, Texas, already has a 5% stake in eBay.

GameStop CEO Ryan Cohen said in a letter to eBay's chairman of the board that it has received a commitment from TD Securities to contribute $20 billion to help fund the deal.

eBay said on Monday that it will "carefully review and consider the unsolicited proposal to determine the course of action that it believes is in the best interests of the company and all eBay shareholders."

The Wall Street Journal, which first reported GameStop's offer for eBay, said Cohen is prepared to launch a hostile bid if eBay rejects the deal. EBay could be a "legit competitor to Amazon," Cohen said in his comments to the Journal.

"EBay should be worth — and will be worth — a lot more money," he told the paper. "I'm thinking about turning eBay into something worth hundreds of billions of dollars."

GameStop appointed Cohen as CEO in 2023 in an effort to overhaul its ailing retail business, which was losing market share and facing stiff competition from online game sellers. Before taking the role, Cohen, a billionaire who founded pet food company Chewy, was GameStop's largest individual investor.
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I honestly don't fully know how I feel about this. I never had issues with Gamestop personally, but I know many people who have. Will they really change much on eBay though?
 
Hopefully, Gamestop will still let buyers pay for purchases with Paypal when bidding or buying items on eBay if Gamestop successfully buys eBay.
 
I hope Gamestop does not cause eBay to have fewer good deals and higher auction bids prices and buy it now prices where eBay is no longer as affordable for many buyers.
 
froggyboy604 said:
I hope Gamestop does not cause eBay to have fewer good deals and higher auction bids prices and buy it now prices where eBay is no longer as affordable for many buyers.
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Ebay is always user driven, so I be afraid of fees for selling stuff if Gamestop takes over.
 
froggyboy604 said:
I never expected Gamestop to want to buy eBay in 2026.
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I'm not. It's exactly what they need. Problem is execution.

Gamestop does... not have money. Everything is being liquidated.

If I were to save Gamestop today and I'm C.E.O. all I would need to do is change the business model of Gamestop website from a single business entity to a bunch of distributor pages. So, Game A (i.e. Resident Evil Requiem) there is a GameStop warehouse listing for Game A (RE9), but a second listing for Game A (again, RE9) has a new distributor, shipped by new distributor. Yes, like Amazon, or Best Buy. I like Best Buy more than Amazon. Because, IMHO, Amazon - I liken Amazon as a direct competitor to Ebay. And I think, I think Gamestop wants to compete against Amazon.

Because I was an employee for Michaels on and off until 2018. My district manager for my location talks, and haggles for a Amazon business model. I'm thinking, I don't understand. You already have a fucking store. All you needed to do is integrate Michaels like a Best Buy integration. So, you go to BestBuy.com, you order your stuff - you have a choice of shipping direct, or pick it up at the local store. Best Buy didn't change nothing after this. It only expanded this business model, and adopted the Amazon business model with the distribution processes.

The biggest weakness that Amazon has - believe it or not... there's no store. I'm talking about brick and mortar stores. All they have is distribution centers. That's what GameStop has in some regions, in addition to the retail, brick and mortar shops. Shall I say... HAD. They shut down thousands of stores. Wrong move. Because now you don't have brick and mortar.

They're literally doing the opposite.
Demon_Skeith said:
Ebay is always user driven, so I be afraid of fees for selling stuff if Gamestop takes over.
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Actually, I'm not. Because if you have a profitable company at helm. Fees go down. Gamestop, if they were profitable in the first place, and has the casche to buy Ebay (which they don't), they can absorb the fees, because the revenue from selling their products - games, perpiperals, consoles, posters, whatever in the store... All that goes to the fees, because they want to incentivize you to buy more. Notice how most retailers today tell you that shipping is free? It's because they are subsidizing those costs at the expense of incentivizing you to buy more from them. Amazon treats shipping as nothing because they do all the shipping internally. Best Buy hides the costs of shipping in your bill. Other companies subsidize.

Gamestop is broke. Gamestop won't buy Ebay.

If they do and it happens, I don't see Gamestop surviving the next 5 or 10 years. They'll go bankrupt. They are in brink of bankruptcy as it is, but this is a business... they can ask for more money from investors or get bank loans, or whatever. That's right now.

But, they can struggle for the next few months or years because the console business, the video game industry is still big. It's mainstream. The problem is Gamestop is stupid. Fucking stupid. The idea of improving Gamestop has been there but they refuse to do it. I just laid out how they can improve it without doing any of the things they're doing right now.
 
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