GameStop's non-binding proposal to acquire eBay at $125.00 per share, paid 50% cash & 50% GameStop stock. This page tracks the disclosed terms, the live deal-arbitrage spread vs the offer, GameStop's stated synergies, and the company's growing economic stake in eBay — all sourced from public filings.
The lifecycle of an M&A transaction, with the current stage highlighted.
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A non-binding proposal is a public offer to acquire a company that the proposer can amend, raise, lower, or walk away from before a definitive merger agreement is signed. It is the start of a negotiation, not a guarantee a deal will close.
A deal-arbitrage spread is the gap between the announced offer price and the target's current trading price — the market's running probability vote on whether the deal closes at the headline number.
No. The $125-per-share proposal is non-binding and may be amended, rejected, or withdrawn.
$125.00 per eBay share, paid 50% cash and 50% GameStop stock. Aggregate undiluted equity value of approximately $55.5 billion. No fixed exchange ratio for the stock portion has been disclosed.
The gap between the $125 headline offer and eBay's current trading price. Because the stock half has no disclosed exchange ratio, the figure shown is upside-to-headline — not a blended effective offer value.
The current percentage and as-of date are read live from the most recent SEC filing (Schedule 13D, 13D-A, or Form 425).
GameStop has projected approximately $2.0B in annualized cost reductions within 12 months and eBay GAAP EPS rising from $4.26 to $7.79 in year one. These are GameStop's own projections — the acquirer's claims, not independent estimates.
eBay rejected a prior offer. The current proposal is non-binding and remains subject to eBay's board response, HSR regulatory review, and shareholder approval before any closing could occur.
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Informational and educational only — not financial advice. All figures from public filings or company disclosures; the proposal labeled "non-binding" may be amended, rejected, or withdrawn.