Okay, so I was listening to the recent call, and honestly, I’m a little frustrated. When someone asked GameStop’s CEO, Ryan Cohen, how they were going to cover the $56 billion they offered for eBay, he totally dodged the question! Instead of explaining how they’d fund the deal, he just kept saying he didn’t understand what was being asked. It’s a bit concerning as a fan to not get a straight answer about something so important.
Before GameStop publicly announced its interest in buying eBay, reports surfaced on May 1st suggesting they were already working on a deal. eBay is a popular online auction site where people can buy and sell many items, including video game consoles and Pokemon Trading Card Game products. According to these reports, GameStop hoped to acquire eBay to transform it into a massive company worth over $100 billion, allowing it to compete with Amazon’s widespread global presence.
GameStop CEO Ryan Cohen: “We’ll See What Happens”
Following GameStop’s announcement of a $56 billion offer to buy eBay, CEO Ryan Cohen gave a surprising interview on CNBC’s Squawk Box. Host Andrew Ross Sorkin questioned Cohen about how GameStop would bridge the financial gap, considering GameStop’s current value is over $10 billion and it’s unclear if they’re using all stock for the deal. Cohen explained that the offer is a mix of cash and stock, and GameStop can issue more stock to complete the purchase. GameStop had previously stated the buyout price would be $125 per share, split between cash and stock.
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Despite having around $20 billion in cash and financing, GameStop is still about $16 billion short of the $56 billion needed to complete the buyout. When asked how GameStop would cover the remaining cost, Ryan Cohen couldn’t provide a clear answer, repeatedly directing questions to the company’s website. He simply stated, “We’ll see what happens.” It’s currently unknown where GameStop will find the necessary funds. Meanwhile, eBay said it will evaluate GameStop’s offer just like any other proposal.
With or Without eBay, GameStop’s Future Is Still Unclear
Since the start of the COVID-19 pandemic, GameStop has faced challenges and used promotions to boost sales. In late March, they offered a playful $69 trade-in deal, encouraging PlayStation owners to switch to Xbox and get some extra money. GameStop explained the $69 amount was a nod to the typical difference in trade-in value between a PlayStation 5 Slim and a refurbished Xbox Series S. While a new PS5 costs around $649 and an Xbox Series S around $399, it’s unclear how many customers actually used the offer.
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GameStop has been facing financial difficulties. To save money, they closed over 300 stores across the US in January 2026. This impacted both employees who lost their jobs and customers, some of whom now had to travel further to buy or trade in games.
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2026-05-06 01:34