GameStop weighs eBay partnership as takeover bid falters – report

GameStop is considering dropping its $55.5bn takeover attack for eBay and looking astatine a concern oregon associated task instead, Bloomberg reported, citing unnamed sources.

Led by CEO Ryan Cohen, the video crippled retailer made an unsolicited, non-binding connection successful May to get eBay successful a cash-and-stock woody worthy $55.5bn, oregon $125 per share.

eBay's committee rejected the connection successful the aforesaid month, calling it "neither credible nor attractive".

According to the report, 1 enactment being examined would impact GameStop and eBay moving unneurotic to grow marketplace stock successful higher-margin categories including trading cards and collectibles, utilizing GameStop's web of 1,600 US stores.

As portion of immoderate specified arrangement, GameStop would question committee practice astatine eBay, the sources said, reflecting its presumption arsenic 1 of eBay's largest shareholders.

The sources besides said nary last determination has been made and that Cohen could inactive see different options.

Before making its takeover proposal, GameStop had accumulated a 5% involvement successful eBay and has continued expanding its holding.

As of 15 July, it owned 9.75% of eBay, making it the second-largest shareholder aft funds managed by Vanguard Group, according to the report.

Scion Asset Management caput Michael Burry disclosed that helium exited his full presumption successful GameStop pursuing the eBay bid announcement, pointing to worries implicit the level of indebtedness GameStop mightiness request to instrumentality connected to money the acquisition.

eBay posted second-quarter 2026 gross of $3.13bn, marking a 15% emergence year-on-year connected a reported basis, oregon 14% erstwhile adjusted for currency effects.

Gross merchandise measurement for the 3 months to 30 June 2026 climbed 15% to $22.39bn, oregon 14% connected an FX-neutral basis.

GameStop, meanwhile, reported nett income of $835.3m for the archetypal 4th that ended 2 May 2026, up from $732.4m successful the corresponding play a twelvemonth earlier.

During the 3 months, nett income jumped to $389.6m, a crisp emergence from $44.8m the erstwhile year, aided successful portion by an unrealised summation of $268.4m connected a derivative plus linked to enactment and telephone enactment transactions tied to eBay's communal stock.

"GameStop weighs eBay concern arsenic takeover bid falters – report" was primitively created and published by Retail Insight Network, a GlobalData owned brand.