← Latest news 
GameStop shares plunge 10% as CEO dodges funding questions for massive eBay bid
Business
Published on 5 May 2026
The $55 billion deal has a funding gap
GameStop shares fell more than 10% after CEO Ryan Cohen sidestepped questions about how the company will fund its $55.5 billion bid for eBay. The proposed half-cash, half-stock offer still leaves a funding gap despite plans to use debt and cash. eBay has not engaged, and Cohen could push a proxy fight if needed.
- GameStop shares dropped over 10% after Cohen avoided funding details
- The eBay bid is priced around $55.5 billion with half cash and half stock
- Planned debt and cash may not fully close the funding gap
- eBay has not engaged and a proxy fight is possible
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times