GameStop CEO Ryan Cohen reaffirmed his commitment to acquiring eBay in a July 16 interview. eBay previously rejected a $56 billion cash-and-stock offer from the retailer. This unsolicited bid occurred in May 2026.
Cohen characterized eBay’s current leadership as entrenched. He may now take the proposal directly to shareholders to bypass the board. The strategy involves using GameStop’s physical stores as authentication and fulfillment hubs.
Cohen suggests the combined marketplace could reach a $1 trillion valuation. He expects the merged entity to maintain an investment-grade credit rating. eBay shares fell as the market assessed the potential for a hostile takeover.