GameStop Reportedly Preparing to Make an Offer to Buy eBay

GameStop is reportedly funny successful buying eBay and is preparing to marque an offer.

The Wall Street Journal reported that GameStop CEO Ryan Cohen wants to crook the retailer into a $100 cardinal positive “juggernaut” that moves beyond video games and merchandise. GameStop had a marketplace worth of $11 cardinal astatine the adjacent aft shares jumped 6.33% connected the news. eBay has a marketplace worth of $46 billion, and saw its shares leap implicit 11% connected the news.

While connected look worth it seems intolerable for GameStop to bargain a institution with a marketplace worth 4 times arsenic large arsenic itself, it is sitting connected $9 cardinal successful cash. If eBay isn’t receptive, Cohen whitethorn instrumentality the connection straight to eBay’s shareholders, The Wall Street Journal added.

As The Wall Street Journal noted, Cohen could marque up to $35 cardinal successful banal if the company’s marketplace worth hits $100 billion, among different compensation bundle criteria. In January, the 40-year-old billionaire told the work helium wanted a “big” woody that is “ultimately either going to beryllium genius oregon totally, wholly foolish.”

As of January, Cohen had a involvement of implicit 9% successful GameStop and was its biggest idiosyncratic shareholder. Investor Michael Burry, who owns shares successful the company, said earlier this twelvemonth that Cohen “has a crappy business, and helium is milking it champion helium tin portion taking vantage of the meme banal improvement to rise currency and hold for an accidental to marque a large bargain of a existent increasing currency cattle business.”

At the opening of 2025, GameStop had astir 2,325 locations successful the U.S., but by the extremity of the twelvemonth it had closed 590 of them. It past kicked disconnected 2026 by closing adjacent much stores arsenic portion of an effort to trim costs.

For years present immoderate person called GameStop a dying bricks and mortar retailer arsenic it looks to caller and often bizarre ways to make revenue. August 2023 saw the institution propulsion retired of crypto, and it unopen its short-lived NFT marketplace conscionable a fewer months later. More precocious (and overmuch to the dismay of its employees), GameStop held its first-ever Trade Anything Day, which saw customers bringing successful virtually thing for trade-in recognition astatine their section stores.

During the 2025 fiscal twelvemonth ending January 31, 2026, GameStop saw nett income of $3.630 billion, down from $3.823 cardinal successful 2024. Operating income was $232.1 million, compared to an operating nonaccomplishment of $26.2 cardinal successful fiscal twelvemonth 2024.

Photo by Michael M. Santiago/Getty Images.

Wesley is Director, News astatine IGN. Find him connected Twitter astatine @wyp100. You tin scope Wesley astatine [email protected] oregon confidentially astatine [email protected].