A recent report suggests GameStop is planning to bid for eBay. If the deal goes through, it would be noteworthy because eBay is worth much more than GameStop.
Man, GameStop’s been on a wild ride these past few years! I remember watching the stock price just explode back in 2021 – it was insane, hitting over $483 at one point! Everyone was talking about the whole meme stock thing and the short squeeze. But things have calmed down a lot since then. Now, it usually floats around $20 to $30, which is a big drop from its peak, but still interesting to keep an eye on.
GameStop Is Reportedly Eyeing Offer to eBay
According to a new report in the Wall Street Journal, GameStop is planning to make a bid to purchase eBay. The goal is to transform GameStop into a massive company worth over $100 billion, and an offer could come as early as the end of May. While the specifics of the offer haven’t been revealed, the report aligns with recent statements from GameStop CEO Ryan Cohen. He previously indicated to the WSJ that the company was exploring potential acquisitions in the consumer and retail spaces.
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Ryan Cohen, the head of GameStop, is trying to expand the company beyond video games and collectibles, and buying eBay would be a significant step in that direction. It’s a surprising move, though, because GameStop is currently worth around $11 billion, while eBay is valued at $45 billion. Despite the size difference, investors are responding positively, and both companies’ stock prices have gone up since the news broke. There’s also talk that if eBay isn’t interested in a direct deal, Cohen might try to buy shares directly from eBay’s investors.
Ryan Cohen is heavily invested in GameStop’s turnaround, both personally and financially. He could earn around $35 billion if he significantly increases the company’s value – specifically, by ten times or more. While GameStop’s stock has increased by about 30% since the beginning of 2026, the company has also been closing many stores. Cohen, who was a major shareholder before joining the board in 2021, would also profit from any rise in the company’s share price. Meanwhile, eBay is also making moves, recently agreeing to buy the online marketplace Depop from Etsy for $1.2 billion.
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Recently, opinions about GameStop among gamers have been mixed. Some players praised the company’s decision to ban people who use scales to weigh and resell Pokemon TCG cards in its stores. GameStop also launched a new campaign, “Play really has no limits at GameStop,” encouraging customers to buy physical game copies. This campaign is likely an attempt to appeal to gamers who are frustrated with always needing an internet connection and worried about losing access to digital games they’ve purchased.
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2026-05-02 05:05