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Home/News Feed/GameStop plans potential takeover of eBay as CEO aims for $100B valuation

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GameStop plans potential takeover of eBay as CEO aims for $100B valuation

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Market News

02 May 2026

Mohd Haider

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Bullish

GameStop is reportedly building a stake in eBay ahead of a possible takeover offer, aiming to boost its market value to $100 billion under CEO Ryan Cohen. The move follows Cohen's earlier hint at a major acquisition in the consumer or retail sector. GameStop has strengthened its financial position with nearly $9 billion in cash and investments, including Bitcoin holdings. If eBay resists, Cohen may take the offer directly to shareholders, signaling a bold strategy to transform GameStop beyond its video game retail roots.

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GameStop seeks shareholder OK to raise authorized shares to 2.5B for strategic moves including possible eBay buy.

GameStop filed with the SEC to increase its authorized shares from 450 million to 2.5 billion to boost financial flexibility for potential strategic transactions like acquiring eBay, as well as other future initiatives. The board highlighted efforts ...

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