---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-202468"
form_type: "8-K"
ticker: "GME"
cik: "0001326380"
company_name: "GameStop Corp."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:50:49.527660+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# GameStop proposes to acquire eBay at $125/share; $55.5B equity value

## Summary
- GameStop offered $125/share (50% cash, 50% stock) for eBay, a 46% premium to unaffected Feb 4, 2026 close.
- Aggregate undiluted equity value ~$55.5B; GameStop holds 5% economic stake, filing 13D and HSR.
- Plans $2B annual cost reductions within 12 months: $1.2B S&M, $300M R&D, $500M G&A.
- Cash from ~$9.4B balance sheet and TD Securities $20B highly-confident letter; Ryan Cohen to be CEO post-close.
- GameStop turnaround cited: $381M net loss (FY21) to $418M net income (FY25); Board unanimously supports proposal.

## SEC filing metadata
- accession: 0001193125-26-202468
- form_type: 8-K
- ticker: GME
- cik: 0001326380
- company_name: GameStop Corp.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 8.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326380/000119312526202468/0001193125-26-202468-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326380/000119312526202468/d138475d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-202468
- JSON: https://secwatch.observer/filing/0001193125-26-202468.json
- Plain text: https://secwatch.observer/filing/0001193125-26-202468.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.