GameStop weighing withdrawal of eBay bid, Bloomberg News reports
GameStop logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration
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Aug 10 : GameStop CEO Ryan Cohen is considering withdrawing the company’s $56 billion bid for eBay in favor of a commercial partnership, Bloomberg News reported on Monday, citing people familiar with the matter.
Cohen is considering a proposal that would allow eBay to leverage GameStop’s roughly 1,600 U.S. retail locations, potentially helping both companies expand market share in higher-margin categories such as trading cards and collectibles, the report said.
As part of any partnership, GameStop would seek seats on eBay’s board, Bloomberg reported.
Ebay has a market capitalization nearly five times larger than GameStop, making the buyout bid an ambitious attempt.
GameStop did not immediately respond to a Reuters request for comment. EBay could not immediately be reached for comment.
In July, GameStop disclosed it had increased its stake in eBay to 9.8 per cent, making it one of the e-commerce company’s largest shareholders, while Cohen vowed to pursue a deal “one way or another” after eBay rejected the videogame retailer’s unsolicited $56 billion takeover offer.
Source: Reuters
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