# GameStop's eBay Deal Clock Ticks Down

> GameStop's $4.9 billion eBay stake faces imminent expiration as warrants near October 30 deadline.
- Title: GameStop's eBay Deal Clock Ticks Down · 24/7 Wall St.
- Summary: GameStop's $4.9 billion eBay stake faces imminent expiration as warrants near October 30 deadline. GameStop's acquisition of eBay hinges on stock price…
- Keywords: gamestop, ebay, warrants, stock price, acquisition, nyse, gme, ebay acquisition, warrant expiration, stock price target, strike price, microsoft
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/22/the-clock-is-ticking-on-gamestops-ebay-acquisition-play-as-warrants-near-expiration
- Author: Trey Thoelcke
- Published: 2026-09-22T13:05:39+00:00
- Read time: 1 min
- Topics: gamestop, ebay, warrants, stock price, acquisition, nyse, gme, ebay acquisition, warrant expiration, stock price target, strike price, microsoft
## GameStop Discloses eBay Stake
GameStop reported a $4.9 billion eBay stake in Q2 FY27 results.

> approximately 43.4 million shares of ebay common stock valued at approximately $4.9 billion
## Warrants Underwater
59 million warrants sit underwater with expiration on October 30.

> warrants distributed carry a $32.00 exercise price
## Stock Price Below Strike
GameStop trades at $22.76, below $32 strike price.

> gamestop trades at $22.76, up 25.0% over one month
## Acquisition Deadline
October 30 deadline to trigger warrant exercise or acquisition funding.

> a sustained move above $32 would signal the $1.9 billion warrant proceeds are in play
## Probability of Deal
Polymarket estimates 0.065% chance of acquisition by October 30.

> polymarket puts the probability of a gamestop-ebay acquisition at 0.065
## What Happens Next
GameStop must refile warrants or see stock cross $32 by October 30.

> absent that, acquisition funding must come from existing cash or new debt
## Key takeaway

GameStop's acquisition of eBay hinges on stock price crossing $32 by October 30 or funding from existing cash.