GameStop is reportedly eyeing eBay, and the numbers are lopsided
A Wall Street Journal report says Ryan Cohen is considering an offer even though eBay is worth more than four times as much as GameStop.
GameStop is reportedly preparing an offer for eBay, a move that would put the mall-rattling retailer in the crosshairs of a company worth far more than it is. The Wall Street Journal said the plan comes from CEO Ryan Cohen, who has been signaling for months that he wants a much bigger acquisition.
The gap between the two companies is hard to ignore. eBay brought in $11.1 billion in revenue last year, while GameStop reported 2025 net sales of $3.6 billion and operating income of $232.1 million. That was a step up from years of losses, but it still leaves GameStop far smaller than the marketplace it is now said to be targeting.
Cohen had already said earlier this year that he wanted to buy a major public company, according to GamesIndustry.biz. Even with that warning sign in place, it remains unclear what a bid for eBay would actually look like or how GameStop would try to turn the deal into a broader business plan. The WSJ report said both stocks moved higher after the news broke.
For now, GameStop is leaving more questions than answers on the table. Tell us what you think in the comments, and follow us on X, Bluesky, YouTube, Instagram.
