Story perspectives

GameStop CEO Mulls Dropping $56B eBay Bid, Proposes Store Partnership

8/11/2026

Summary

Story summary

Ryan Cohen, GameStop CEO, is weighing a withdrawal of the $56 billion eBay takeover bid and instead proposes a partnership that would let eBay use GameStop’s roughly 1,600 U.S. stores.
The partnership would give GameStop board seats and leverages its 9.8% stake, eBay’s second-largest shareholder.
GameStop shares rose 1.6% while eBay shares fell 2.2% after the announcement.
eBay’s board had rejected the takeover bid in May as “neither credible nor attractive.”

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Story summary

Ryan Cohen, GameStop CEO, is weighing a withdrawal of the $56 billion eBay takeover bid and instead proposes a partnership that would let eBay use GameStop’s roughly 1,600 U.S. stores.
The partnership would give GameStop board seats and leverages its 9.8% stake, eBay’s second-largest shareholder.
GameStop shares rose 1.6% while eBay shares fell 2.2% after the announcement.
eBay’s board had rejected the takeover bid in May as “neither credible nor attractive.”