Cohen – who became a favorite of retail investors as GameStop rose to “meme stock” prominence – is instead considering proposing a partnership that would allow eBay access to GameStop's base of approximately 1,600 US stores, Bloomberg reported, citing people familiar with the matter.
Shares of eBay EBAY fell about 4% on Monday after a Bloomberg report said GameStop chief executive Ryan Cohen is considering abandoning the video game retailer's proposed $56 billion acquisition of the online marketplace in favour of a partnership. According to Bloomberg News, citing people familiar with the matter, GameStop is exploring the possibility of a joint venture or strategic partnersh...
GameStop is reportedly considering withdrawing its $56 billion proposal to acquire eBay. Instead, GameStop CEO Ryan Cohen is thinking about proposing a partnership or joint venture that would let eBay leverage the video game retailer's 1,600 locations in the U.S., Bloomberg News reported Monday (Aug. 10), citing sources familiar with the matter.
GameStop CEO Ryan Cohen is considering withdrawing the company's $56 billion bid for eBay, Bloomberg News reported on Monday, citing people familiar with the matter.
As eBay tries to keep up with competitors like Whatnot and TikTok Shop, the online marketplace is making a bigger push into live shopping after seeing record results.
Despite its status as a founder of the category, eBay has traditionally been viewed by the rest of eCommerce's tech platforms as the industry's red-headed stepchild. It was profitable but often viewed as a mature marketplace overshadowed by Amazon's logistics network, Shopify's merchant ecosystem and newer resale platforms appealing to younger consumers.
The online marketplace reported higher revenue of $3.13 billion, and now expects gross merchandise volume to grow between 11.5% and 12.5% in 2026.