GameStop Proposes to Acquire eBay at $125 per ShareGameStop Corp. Class ABATS:GMETesi_Daniela_RadiceGameStop (NYSE: GME) has submitted a non-binding proposal to acquire 100% of eBay (NASDAQ: EBAY) at $125 per share, in a mix of cash and stock. The offer represents a 46% premium to eBay’s unaffected closing price on February 4, 2026 — the date GameStop began building its position. The company has accumulated a 5% economic stake through derivatives and common stock ownership. Deal Structure $125 per share 50% cash / 50% GameStop stock Shareholders can elect consideration type (pro-rata allocation) Total equity value: ~$55.5B Premiums: +27% vs 30-day VWAP +36% vs 90-day VWAP The deal is subject to customary closing conditions. Financing The cash portion is expected to be funded through: ~$9.4B in cash and liquid investments (as of Jan 31, 2026) Up to $20B in acquisition financing (TD Securities highly confident letter) Strategic Rationale GameStop highlights inefficiencies in eBay’s cost structure: $2.4B spent on Sales & Marketing in FY2025 Only +1M net active buyers (134M → 135M,