Ryan Cohen is putting his money where his mouth is. The GameStop CEO has personally committed $500 million of his own funds to back the company’s audacious bid to acquire eBay, a deal that would value the e-commerce platform at roughly $55.5 billion.
The offer, structured as a 50/50 cash and stock arrangement at $125 per share, represents a 46% premium over eBay’s stock price in early February 2026. eBay’s board did not pause.
A bold bid meets a cold reception
GameStop announced its non-binding proposal to acquire eBay on May 3, 2026. The pitch centered on potential synergies, specifically in marketing and product development, that GameStop claims could generate over $2 billion in annual cost savings.
To finance the offer, GameStop cited approximately $9.4 billion in available cash plus additional financing commitments. Cohen’s personal $500 million pledge was designed to combat skepticism about whether GameStop could actually close a deal of this magnitude.
