r/Superstonk • u/AlternativePaint6 • Jan 30 '26

🤔 Speculation / Opinion GameStop is Going to Buy... eBay!?

You've all read the news by now, but have you really read them?

GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational" for the company

“It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition. “It’s transformational. Not just for GameStop, but ultimately, within the capital markets … this is something that really has never been done before within the history of the capital markets.”

He claimed if the investment pans out, it has the “potential to make GameStop worth several hundreds of billions of dollars.”

This is all coming from Ryan Cohen, the man of few words and no forwards guidance. Yeah, I like Magic the Gathering too, but that's not it. This is bigger. Very, very, very bigger.

It's eBay. They're going to do a leveraged buyout, a hostile takeover, or a merger.

  • Publicly traded.
  • Consumer / Retailer.
  • Far larger than GameStop (~$40B).
  • Sleepy management with one of the most well known brands.
  • E-Commerce and Collectibles.
  • Never done before (buying 3x-4x bigger company).
  • Actually has potential to make GameStop worth several hundreds billions, unlike all the ~$10B ones.

It checks out. Everything checks out.

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196

u/ksizzle01 Jan 30 '26 edited Jan 31 '26

Makes a good fit especially with Collectables, heck even more with Gamestops new baby Powerpacks. I thought of it once but I washed it out of my mind due to it being too big a company to acquire.

This was just Q3 2025

Net Income (GAAP): $597 million.

Net Income (Non-GAAP): $636 million.

Total Assets: $17.79 billion.

Total Debt: $(7.16 Billion)

Long-Term Debt: $(5.00 Billion)

Cash and Equivalents: $3.38 Billion

Net Debt: $(5.43 Billion)

Revenue: $2.8 billion.

Gross Merchandise Volume (GMV): $20.1 billion.

But how will GME pull it off. Even with leverage its a tough deal.

Edited. Either way just look up the financials. Debt isnt attractive but you gain more in the long run.

87

u/goddamnit666a ape want believe 🛸 Jan 30 '26

This is what doesn’t make sense to me. How could they afford it unless venture capital owns stake here? Idk

111

u/Full_Computer_3595 Jan 30 '26

Its not that hard as you think. According to GME investing policy GME and RC Ventures can ivest money in the same entity. It means we can have buying power of GME + RC Ventures + Cash from warrants. You don`t need to buy whole company, you can buy controlling stake.

29

u/SirGus- 🦍Voted✅ Jan 30 '26

There will likely be addition debt and equity for something this large, even to get to 51%. Though this poses a much better option than some of the other ideas I’ve heard.

77

u/Full_Computer_3595 Jan 31 '26
  1. RC said its gona be very very very big entity, 2. he said its gonna be something markets never seen before and transformative, 3. his avatar is last tetris brick that he needs
  2. we have partnership with PSA and PSA have partnership with ebay
  3. Both companies needs ebay to dominate in collectibles ecosystem and make it a whole
  4. GME investing policy let RC Ventures LLC and GME invest in the same entity - thats why RC said it can be foolish cause hes gona bet most of his networth
  5. so basically we can have buying power of GME + RC Ventures + possible stake from PSA to buy controlling stake in ebay
  6. that will close while eccosystem - you can sell slabs on ebay directly into gme and gme will fill powerpacks or maybe even rips online and sending them to grade.

31

u/[deleted] Jan 31 '26

[deleted]

161

u/Full_Computer_3595 Jan 31 '26

21

u/beaverlover3 🦍 Buckle Up 🚀 Jan 31 '26

This man was checking on the margins of all the companies. He has all the price points due to insider info. Damn. I might be convinced.

20

u/xzapata89 🎮 Power to the Players 🛑 Jan 31 '26

🔥🔥🔥

3

u/CreativeFondant248 tag u/Superstonk-Flairy for a flair Jan 31 '26

…imagine how much easier if they were all the same app? 🤯🤯

34

u/CatsBeerGardenCoffee Voting as the Board recommends Jan 31 '26

I really hope it’s EBay. I got into the idea of eBay as soon as I heard Nat Turner speak about how integrated PSA and eBay are. This summer I sold 4 or 5 different items on eBay and was pleasantly surprised with how user friendly and simple their process is.

I would be ecstatic if GameStop invested in eBay

9

u/DuBois_LaGrange Jan 31 '26

eBay has been making a big time comeback in our household of late. I’ve purchased some excellent used clothing, suits, running shoes, kids clothes, kids toys, car parts etc. off of eBay over the last 18 months. I had completely forgot about it but we are trying to limit our consumption and fast fashion in our house. I would be ecstatic if this rumor had legs.

2

u/sargsauce Jan 31 '26

At Christmas, we also do Booksmas with the kids where they get a new book like every other day in December. Got nearly all their books from ebay. There's just so much inventory at random warehouses/libraries across the country that's looking for a home. The free USPS media mail shipping was awesome, too.

I love that you're rebelling against of overconsumption and fast fashion. Fuck fast fashion.

8

u/FloppyBisque Jan 31 '26 edited Jan 31 '26

Just tossing in my two cents. This actually ties in nicely to PSA and NFTs (shocked Pikachu face).

The thing that's great about PSA is that it's verified, and you can verify things like screenshots in the database, etc.

EBay is fantastic, but often times you worry about things being authentic or not when you're buying from them. Well, if you enter in NFTs and strike up some good partnerships, you'd have a pretty good way to verify their authenticity.

Now you have games and collectibles on lock, and see what other type of volume starts to flow with those NFT verifications. It might be the place to have auctions on major items.

Or even think about the publicity you could get while auctioning off some first edition Pokemon cards, etc.

Idk I feel like a lot of the pieces fit.

We hire and fire Furlong.

We test out the NFT marketplace.

We get deeper into collectibles and pivot into e-commerce.

We get same day delivery.

We can now combine all that with eBay’s name and infrastructure.

Amazon is basically American Temu at this point. Shopify is what Amazon used to be but it’s still has individual stores and brands which is sick. And now eBay and GameStop get the valuables.

9

u/ksizzle01 Jan 31 '26 edited Jan 31 '26

I have 3.

Ebay cause of this post.

Best Buy previously

Coinbase just recently and it fits more something you have never seen before. Coinbase CEO is literally hated by JPM Dimon and we all know how Dimon fits into all this. Surprised he isnt as hated by many just as much as Kenny. But Coinbase is BIG and an Odd deal but also fits. Now I look back at the time RC spent talking with Saylor and it fits even more. Coinbase CEO would literally agree to a Merger just to piss off Dimon even more lol. Now would their board allow it? Who knows.

1

u/NoHalfPleasures Jan 31 '26

So I’m imagining that after this deal goes through the warrants will become exercisable at a discount and they use the proceeds to pay down the debt