Key insights
- GameStop is reportedly preparing an offer for eBay, sending shares of both companies higher. While details are scarce, the potential acquisition could signal a shift in GameStop's strategy under Ryan Cohen. The market impact is mildly positive, reflecting speculative interest in the deal's potential.
May 1 (Reuters) - 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.
If eBay is not receptive, Cohen could decide to take the offer directly to the e-commerce company's shareholders, the Journal said. Details of the potential offer could not be learned, the report added.
https://www.reuters.com/technology/gamestop-preparing-offer-ebay-wsj-reports-2026-05-01/