kwaz (mog/acc)

Ryan Cohen just dropped the full proposal. GameStop wants to buy eBay at $125 a share, 46% premium, $55.5B deal. Half cash, half GME stock. GME has been quietly building a 5% stake since February 4. TD Securities already handed them a highly-confident letter for up to $20B in financing. Here’s the actual thesis: eBay spent $2.4 billion on marketing last year and only added 1 million new buyers. Less than 0.75% growth. Cohen wants to cut $2B in costs within 12 months of closing, $1.2B from marketing alone. That alone takes eBay’s EPS from $4.26 to $7.79 in year one. GameStop’s 1,600 retail locations become eBay’s national network for authentication and fulfillment. Cohen gets no salary, no bonus, no golden parachute, paid purely on performance. If the board says no, he goes directly to shareholders. The man turned GME from a $381M loss in 2021 to $418M profit in 2025. When we make a new move in the market, we will let you know. Turn on notifications so you don’t miss our alerts, this is VERY important. A lot of people will wish they followed us sooner.

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