WEBVTT

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GameStop has just put forward a $56

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billion offer to buy eBay. The

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e-commerce giant was evidently caught

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off guard by the bid and responded with

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the energy of every girl I asked out in

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middle school. Yet received no

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communication from GameStop prior to the

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entirely unsolicited offer. To give you

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a sense of scale, eBay has a market cap

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over four times the size of GameStop

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itself, making this a wild swing for the

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retailer. The funds for the proposal are

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evidently split 50/50 between cash and

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GameStop stock, though it's unclear from

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the wording if they're referring to

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shares or $28 billion worth of scratched

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up trade-in crash bandicoot CD. Part of

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a larger strategy to pivot into

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ecommerce, leveraging GameStop's retail

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locations as a fulfillment network.

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However, Cohen likely has a more

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personal motive as his incentive

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structure guarantees him $35 billion in

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stock if he can boost GameStop's market

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value to a h 100red billion. That's a

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lot of Funko Pops.