Ryan Cohen-led GameStop pledges to pursue its takeover offer for eBay
GameStop logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
June 26 : GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.
GameStop CEO Ryan Cohen had surprised Wall Street with the offer to buy eBay in May to turn it into a bigger competitor to Amazon.
GameStop also expects to generate adjusted earnings before interest, taxes, depreciation and amortization of more than $600 million in fiscal 2026, compared with $345.4 million reported in fiscal 2025, it said in a regulatory filing.
Shares of the company rose more than 2 per cent in extended trading.
GameStop said earlier this week that Cohen would not receive a potential performance award from the company, adding that he planned to unveil more details about his bid to take over eBay.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
