GameStop's $4.9B eBay stake and expiring warrants put its takeover hopes on a $32 stock price by Oct 30.

GameStop disclosed a $4.9 billion stake in eBay and holds 59 million warrants expiring October 30, 2026, with a $32 exercise price. The warrants are currently underwater as GameStop trades around $22.76, making the acquisition funding uncertain unless the stock price hits or exceeds $32 before expiration. CEO Ryan Cohen's recent $26.4 million share purchase boosted the stock but not enough to reach the strike price. The outcome will determine if GameStop can leverage warrant proceeds or must rely on cash and debt for the potential eBay acquisition.

GameStop shares trade at USD 23.55 on Pluang as of Sep 22, 2026 20:02 WIB, slightly above the article's noted price but still below the $32 warrant strike price. The stock has gained 3.47% in the last day on Pluang, showing some momentum but not enough to reach the exercise price. Meanwhile, eBay shares are priced at USD 108.45 with a modest 0.14% increase, reflecting steady investor interest ahead of the potential acquisition.