Saturday, 27 June, 2026
Meme Stock Hostility: GameStop Plots Hostile Takeover After eBay’s Defiant Rejection
By TechShots Studio
GameStop is plowing ahead with its ambitious $55.5 billion bid to buy eBay, despite the e-commerce giant slamming the offer as “neither credible nor attractive.” Undeterred by skepticism over how a much smaller video game retailer can fund the deal, GameStop CEO Ryan Cohen even scrapped his own $35 billion bonus package to focus entirely on the acquisition, threatening a hostile proxy fight directly with eBay’s shareholders.