Ryan Cohen just dropped the full proposal.
GameStop wants to buy eBay at $125 a share, 46% premium, $55.5B deal.
Half cash, half GME stock.
GME has been quietly building a 5% stake since February 4.
TD Securities already handed them a highly-confident letter for up to $20B in financing.
Here’s the actual thesis:
eBay spent $2.4 billion on marketing last year and only added 1 million new buyers.
Less than 0.75% growth.
Cohen wants to cut $2B in costs within 12 months of closing, $1.2B from marketing alone.
That alone takes eBay’s EPS from $4.26 to $7.79 in year one.
GameStop’s 1,600 retail locations become eBay’s national network for authentication and fulfillment.
Cohen gets no salary, no bonus, no golden parachute, paid purely on performance.
If the board says no, he goes directly to shareholders.
The man turned GME from a $381M loss in 2021 to $418M profit in 2025.
When we make a new move in the market, we will let you know.
Turn on notifications so you don’t miss our alerts, this is VERY important.
A lot of people will wish they followed us sooner.
Look at this.
Yesterday, there was large flow volume on this $EBAY 106 call expiring 05/08/2026.
Then literally TODAY, GameStop, $GME, is reportedly looking to acquire eBay, per WSJ
Unusual.
Someone always knows.
Is there a more bullish chart in the market right now?
May: +108% on 1.3 billion volume
June: +38% on 290 million volume....it's only been 3 days
The chain is stacked and DFV has a 12 million share "fuck you" locked and loaded
What an amazing time to be a $GME shareholder
#GME
Gamestop, $GME, is up 28% in two days.
On Nov 28th, numerous call buyers were pushing $16-$20 strike prices for this and next Friday.
Yesterday they surged with 20,000 volume on quiet chains, and sold the $10 puts. Take a look at that net premium!!!
Tons of traders followed.