GameStop is preparing to make a takeover offer to eBay.

CoinFeed reported on May 2nd, citing the Wall Street Journal, that GameStop is preparing a takeover offer for eBay, as part of CEO Ryan Cohen's ambitious plan to transform the retailer into a more than $100 billion company. As of Friday's close, GameStop had a market capitalization of approximately $11 billion and is quietly acquiring shares in eBay in preparation for a potential takeover. In comparison, eBay's market capitalization is approximately $45 billion, several times that of GameStop.