GameStop weighing withdrawal of eBay bid, Bloomberg News reports

Reuters

Mon, August 10, 2026 astatine 7:00 AM CDT 2 min read

Aug 10 (Reuters) - GameStop CEO Ryan Cohen is considering withdrawing the videogame retailer's $56 cardinal bid for eBay and whitethorn alternatively prosecute a concern oregon ‌joint task with the e-commerce company, Bloomberg News reported connected Monday, ‌citing radical acquainted with the matter.

Cohen is considering a connection that would let eBay to leverage ​GameStop's astir 1,600 U.S. retail locations, perchance helping some companies grow marketplace stock successful higher-margin categories specified arsenic trading cards and collectibles, the study said.

As portion of immoderate partnership, GameStop would question seats connected eBay's board, Bloomberg reported.

GameStop shares were ‌up 2%, portion those of ⁠eBay fell 1.4% successful premarket trading.

The latest displacement comes aft eBay rejected GameStop's unsolicited takeover connection successful May, saying the ⁠offer was "neither credible nor attractive."

The archetypal bid was met with skepticism from investors and analysts, fixed that the overmuch smaller GameStop was attempting to get a institution ​worth astir ​six times its ain marketplace value. ​Analysts besides questioned the financing plan, ‌which relied heavy connected indebtedness commitments and banal issuance.

While some companies person sought to grow successful categories specified arsenic trading cards and collectibles, their concern models are markedly different. eBay operates an online marketplace that earns fees by connecting buyers and sellers, portion GameStop is simply a brick-and-mortar retailer that purchases inventory ‌and resells it done its store network.

GameStop ​has not made a last determination and Cohen ​could inactive prosecute different options, ​according to the Bloomberg report.

GameStop and eBay did not instantly ‌respond to Reuters' requests for comment. ​Reuters could not independently ​verify the report.

In July, GameStop disclosed it had accrued its involvement successful eBay to 9.8%, making it 1 of the e-commerce company's largest ​shareholders, portion Cohen vowed ‌to prosecute a woody "one mode oregon another" aft eBay rejected the videogame ​retailer's unsolicited $56 cardinal takeover offer.

(Reporting by Rashika Singh successful Bengaluru; ​Editing by Tasim Zahid and Anil D'Silva)