GameStop Bids $56B to Buy eBay - DTNS 5261
Daily Tech News Show
Tom Merritt
4.8 • 1.5K Ratings
🗓️ 4 May 2026
⏱️ 30 minutes
🧾️ Download transcript
Summary
Ask.com shuts down after 25 years of answering the world’s questions, and how might the growth of “podslop” could impact the podcast industry in the next year.
Starring Jason Howell and Robb Dunewood.
Show notes can be found here.
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Transcript
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| 0:00.0 | This is the Daily Tech News for Monday, May 4th, 2026. |
| 0:13.2 | May the fourth be with you. |
| 0:15.5 | We tell you what you need to know, give you the important context and to help each other understand. |
| 0:19.8 | Today, GameStop, your favorite mean stock from 2021. No. know give you the important context and to help each other understand today game stop your |
| 0:21.0 | favorite mean stock from 2021 got a new ambition they want to buy eBay oh yeah I totally saw |
| 0:29.6 | that one coming yeah I was reading the tea leaves I saw it coming you were possibly the only |
| 0:35.7 | one if that's true I I'm Jason Howell. |
| 0:38.5 | And I'm not done with. |
| 0:41.0 | Let's start with what you need to know with a big story. |
| 0:46.1 | Yeah, well, you already know the punchline. |
| 0:59.6 | GameStop has made an unsolicited offer to buy eBay in a $56 billion cash and stock deal proposing 125 per share, which is nearly 20% premium to eBay's most recent close anyway, so they'd be giving a premium. |
| 1:05.0 | GameStop already holds about 5% of eBay through shares and derivatives. |
| 1:11.0 | GameStop CEO Ryan Cohen says he is ready to take the bid directly to shareholders |
| 1:17.4 | and wage a proxy fight if eBay's board resists. |
| 1:21.5 | So this is a bit of a hostile kind of proposal. |
| 1:25.1 | Is it hostile in proposal together? |
| 1:27.2 | Those sound kind of counterintuitive to each other. |
| 1:29.4 | But anyways, if it's completed, the deal would see Cohen lead the combined company. |
| 1:34.8 | He's arguing that merging eBay's marketplace with GameStop's 1600 U.S. stores could create a, quote, legit competitor to Amazon. |
| 1:45.0 | And then to that end, he envisions using stores for things like intake, fulfillment, live commerce, of course, all that kind of stuff. |
| 1:53.0 | eBay says it is reviewing the deal, of course, probably because it has to, but I'm really curious about this one. And I know that you wrote about this for Daily Tech Headlines. So, Rob, you've done some pouring through this automatically. This was a bit of a surprise, got to say. It was a huge surprise. If you couldn't tell, I was being facetious in the open. I had no clue that this was coming. I don't think anyone |
| 2:18.4 | had any clue that this was coming. And honestly, I don't know what the market, what they want to |
... |
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