GameStop (GME) shares soared over 9% in after-hours trading on May 2 following a Wall Street Journal report suggesting the company is preparing a takeover bid for eBay (EBAY). This development reignited interest among Reddit's retail trading community, reminiscent of the 2021 meme stock frenzy. GameStop closed at $26.53 on May 1, with after-hours trading pushing the stock to $27.61. The report indicated that GameStop has quietly acquired a stake in eBay, with a formal bid potentially forthcoming. CEO Ryan Cohen's compensation package, which could yield up to $35 billion in equity if GameStop reaches a $100 billion market cap, is tied to this strategic move. GameStop's current market cap stands at approximately $12 billion, while eBay's is around $46 billion. Financing details remain undisclosed, but Cohen's strategy may involve leveraging GameStop's $9 billion cash reserve and bitcoin holdings.