GameStop Reaffirms $125 eBay Takeover, Sees Fiscal ’26 EBITDA Jump to $600M+
GME•GameStop reaffirmed its unsolicited $125-per-share takeover proposal for eBay and said it will release further documentation in coming days while projecting fiscal 2026 adjusted EBITDA to exceed $600 million, up from $345.4 million last year. Shares rose over 2% in after-hours trading on the outlook revision.
1. Unsolicited eBay Takeover Bid
GameStop reiterated its commitment to acquire eBay through a $125-per-share offer split evenly between cash and stock, promising further transaction documentation in the coming days. eBay’s board previously rejected the proposal as neither credible nor attractive, citing financing and governance concerns.
2. Strong Fiscal 2026 Outlook
The company raised its adjusted EBITDA forecast for fiscal year 2026 to over $600 million, a 74% increase from the $345.4 million reported in fiscal year 2025. This revised outlook follows plans to issue a detailed presentation this week outlining the strategic rationale and integration roadmap.
3. Financing and Market Reaction
GameStop intends to fund the deal using $9.4 billion in cash reserves, up to $20 billion in debt commitments and potential CEO equity contributions, though exact funding mechanisms remain unconfirmed. Shares climbed more than 2% in after-hours trading as investors responded to the combination of aggressive takeover ambitions and upbeat earnings guidance.
