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US video games retailer GameStop has offered to buy eBay for $55.5bn (£41bn) in an unsolicited bid that its boss warned could turn hostile if the proposal is rebuffed by eBay’s board.

GameStop, which has quietly accumulated a 5% stake in eBay, said it was willing to pay $125 a share, split 50-50 between cash and stock.

It is an ambitious move by the games company, which catapulted to fame during the meme-stock craze of 2021 but is worth far less than its takeover target. GameStop had a market valuation of roughly $12bn on Friday before its bid, while eBay – originally launched as a side hobby by its founder Pierre Omidyar in 1995 – is worth about $46bn.

Just what the company needs ... tens of billions in more debt.

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[-] GMac@feddit.org 18 points 1 day ago* (last edited 1 day ago)

There are reasons why I would never use Gamestop but do (currently) use eBay and have done for over 20 years.
On of those reasons is Ryan Cohen and if he takes over I will delete my account without any hesitation at all.

Per Ryan Cohen's Wikipedia page: "He supported Donald Trump during the 2024 United States presidential election, and promoted the conspiracy theory that the 2020 election was rigged. Cohen has publicly expressed criticism of Diversity, equity, and inclusion (DEI) policies. In early 2025, he criticized Canada and France for "wokeness and DEI" and said they have "high taxes, Liberalism, Socialism, Progressivism" that generated a challenging business environment in those markets."

When will these billionaires just take the fact they already have far more money than they can ever spend, and FUCK RIGHT OFF!!! Let someone else run a business with morals, ethics, and a desire for something other than the extraction of wealth that can never be spent. At this point when you have so much, to chase more can only be because it denies the rest of the plane access to that wealth which could do so much economic rebalancing as well as social and environmental good.

this post was submitted on 04 May 2026
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