GameStop preparing an offer to buy eBay in effort to boost market value: report
GameStop is reportedly preparing an offer to acquire eBay in an effort to significantly increase its market value, according to the Wall Street Journal. The move is part of CEO Ryan Cohen's strategy to turn around the struggling video game retailer. eBay's shares rose 10% on the news, while GameStop's shares gained 7%.
- ▪GameStop is quietly building a stake in eBay ahead of a potential acquisition offer.
- ▪The company could submit a formal offer for eBay as soon as later this month.
- ▪If eBay resists, Ryan Cohen may take the offer directly to eBay shareholders.
- ▪GameStop's market value is nearly $12 billion, while eBay's is about $46 billion.
- ▪Cohen's compensation package includes incentives tied to increasing GameStop's market capitalization to $100 billion.
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Business GameStop preparing an offer to buy eBay in effort to boost market value: report By Reuters Published May 1, 2026, 6:27 p.m. ET GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer’s market value more than tenfold, the Wall Street Journal reported on Friday. Shares of eBay, which has a market capitalization of about $46 billion, jumped about 10% in extended trading. GameStop gained 7%. The company has a market value of nearly $12 billion. GameStop has been quietly building a stake in eBay’s shares ahead of a potential offer, the report said, citing people familiar with the matter. It could submit an offer for eBay as soon as later this month.
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