GameStop preparing eBay offer as Cohen chases $100 billion valuation
By Ana-Maria Stanciuc
Published on May 2, 2026.
GameStop Corp is reportedly preparing a bid to acquire eBay Inc, with CEO Ryan Cohen aiming for a $100 billion valuation. This move would be part of Cohen's strategy to transform GameStop into a diversified e-commerce powerhouse. Despite the news, eBay shares rose more than 13% in after-hours trading. GameStop's stock price was about $12 billion before the news broke. The company ended Q1 2026 with approximately $9 billion in cash and investments, up from $4.8 billion a year earlier, a war chest assembled through equity offerings and a disciplined retreat from unprofitable retail. If eBay's board rejects the bid, GameStop may take the issue directly to its shareholders.
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