eBay Acquired by GameStop | Consumer M&A Deal

GameStop has proposed the acquisition of eBay, a consumer retail business in the United States, for $55.5 billion in aggregate equity value. The eBay acquisition would bring a major online marketplace focused on collectibles, trading cards, and refurbished electronics, complementing GameStop’s growing collectibles category. GameStop acquisitions also aim to use its store footprint and product authentication capabilities as a fulfillment network for eBay drop-off and shipping nodes. The strategic acquisition is structured as a merger acquisition with 50% cash and 50% GameStop stock, and GameStop would lead the combined company with performance-based compensation for CEO Ryan Cohen.