GameStop, the video game retailer led by CEO Ryan Cohen, is preparing to make an offer for eBay, which has a market value of approximately $46 billion. This move comes as GameStop seeks to transform itself into a $100 billion business. The company has been quietly accumulating eBay shares, and reports suggest that an offer could be made as early as this month. Following the news, eBay's shares surged by over 15% in after-hours trading. GameStop's current market value is around $12 billion, making this potential acquisition one of the most ambitious in recent retail history. Cohen's strategy is supported by a significant cash reserve of about $9 billion, which has increased from $4.8 billion a year ago. The rationale behind the acquisition lies in the complementary customer bases and product categories of both companies, especially in collectibles. Cohen, known for his previous success with Chewy, aims to mobilize retail investors to support this transformative deal.