GameStop has made a 5.5 billion takeover offer for eBay, the company announced on Monday. The surprise proposal could reshape the retail and e-commerce landscape.
GameStop CEO Ryan Cohen said the company might issue stock to finance the acquisition. "This is about creating a retail ecosystem that spans physical and digital," Cohen stated in a press release.
eBay shares rose 6% following the announcement. Analysts are divided on whether regulators would approve the merger, given GameStop's recent financial performance.
GameStop reported .5 billion in revenue last year, while eBay generated 0.2 billion. The combined company would have significant scale in online marketplaces and brick-and-mortar retail.