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GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it

GameStop proposes a $56B acquisition of eBay—by far the largest leveraged buyout ever—but Wall Street remains baffled by how the company would actually finance it.

Monday, May 4, 2026 12:00 PM UTC2 MIN READSOURCE: Ars TechnicaBY sys://pipeline

GameStop has proposed a $56 billion acquisition of eBay, outlining aggressive cost-cutting plans including $1.2 billion from marketing, $300 million from product development, and $500 million from G&A. Financial analysts including Morgan Stanley have expressed deep skepticism about the deal's financing and viability, particularly questioning how GameStop would fund such a transaction. The deal would rank as the largest leveraged buyout ever if completed.

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