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GameStop's CEO unleashed a flood of good memes with his eBay offer

GameStop wants to take over eBay, and the internet delivered with memes.

DOMO Capital Management, LLC on X

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GameStop's CEO unleashed a flood of good memes with his eBay offer

See the internet's best reactions to the news of GameStop offering to buy eBay.

  • 4 mins read
  • GameStop CEO Ryan Cohen proposed a $56 billion buyout of eBay.
  • GameStop's bold move to acquire eBay sparked a flood of memes.
  • Here are our favorite reactions.

How do you celebrate a memestock trying to buy a company four times its size? You make memes, of course.

On Sunday, GameStop's CEO, Ryan Cohen, made an unsolicited offer to buy internet retailer eBay for about $56 billion. GameStop has a market cap of about $11 billion, compared with eBay's $46 billion.

"EBay should be worth — and will be worth — a lot more money," Cohen told The Wall Street Journal on Sunday. "I'm thinking about turning eBay into something worth hundreds of billions of dollars."

Cohen, who joined the company in 2023, said he wanted the company to become a "legit competitor" to Amazon.

On Sunday, GameStop said it was offering to buy eBay for $125 per share, with 50% in stock and 50% in cash. Cohen said GameStop has built a 5% stake in the company and would be willing to take the offer directly to shareholders if eBay were not receptive to the proposal.

EBay did not respond to a request for comment from Business Insider, sent outside standard business hours.

GameStop, which sells physical games and hardware, has been grappling with store closures as more people shift toward digital downloads and streaming. An eBay takeover could mark a second surprising revival for GameStop.

It was a major winner in the meme-stock mania of January 2021, which involved throngs of retail investors using the trading app Robinhood to buy stocks.

Here are the internet's best reactions to the news of GameStop offering to buy eBay:

Apes together strong

Screenshot from the famous WallStreetBets subreddit.

Screenshot from the famous WallStreetBets subreddit.

Reddit

You can't celebrate a crazy deal without a Wolf of Wall Street meme

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The Mother Of All Short Squeezes

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Cohen wants to buy all the companies

GameStop CEO wants to buy all the stocks inclduing Bed Bath and Beyond

CitiZenSleuthX on X

Cohen? Corleone? Same same

Godfather reference meme

john147.eth on X

Amazon, eGameStopBay is coming for you

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

If it can work for used games, it can work for a $46 billion company

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

Or maybe it's a good deal after all

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

But also, with what money??

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

So can anyone buy anything now?

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The post GameStop's CEO unleashed a flood of good memes with his eBay offer appeared first on Business Insider

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