如果 GameStop 收购 eBay，比特币支付可能会突然拥有 1.35 亿买家市场测试案例

GameStop's unsolicited $55.5 billion bid for eBay could give the video game retailer a far larger e-commerce platform, a broader resale network, and a potential opening to test whether Bitcoin can move beyond corporate treasuries into consumer payments. On May 4, GameStop offered $125 a share for eBay in a cash-and-stock proposal that values the online marketplace at about $55.5 billion. The offer consists of 50% cash and 50% GameStop common stock, with shareholder election rights and pro-rata allocation. GameStop said the offer represents a 27% premium to eBay’s 30-day volume-weighted average price and a 36% premium to its 90-day average. The company said it has built a 5% economic stake in eBay through derivatives and beneficial ownership of common stock. Related Reading GameStop CEO says firm’s Bitcoin bet is an inflation hedge, not long-term strategy GameStop CEO emphasizes capital discipline with strategic Bitcoin hedging, not crypto expansion. Jul 15, 2025 · Assad Jafri A smaller buyer targets a larger marketplace The proposal would be an unusual transaction in size and structure, given that GameStop is trying to acquire a company several times its size, using a mix of cash, outside financing, and its own stock to fund the bid. GameStop said the cash portion would be funded through cash and liquid investments on its balance sheet, which totaled about $9.4 billion as of Jan. 31, and third-party acquisition financing. The company said TD Securities provided a highly confident letter for up to $20 billion. That still leaves the bid dependent on the value of GameStop shares, additional financing, and eBay shareholder support. eBay said Monday that its board and financial advisers would review the unsolicited proposal, adding that there had been no discussions with GameStop before the offer arrived. The company said its review would focus on the value delivered to eBay shareholders, including the value of the GameStop stock portion and GameStop’s ability to deliver