June 29: GameStop has reiterated its commitment to pursuing its proposed $56 billion acquisition of eBay, despite the e-commerce giant rejecting the unsolicited cash-and-stock takeover offer earlier this year.
In a regulatory filing, the video game retailer said it remains committed to the transaction and will soon release additional details outlining the strategic rationale and operational plans behind the proposed merger.
GameStop CEO Ryan Cohen first surprised investors in May by proposing the acquisition of eBay, arguing that a combined company would be better positioned to compete with global e-commerce leader Amazon. Cohen also indicated that he would lead the merged business if the deal proceeds.
Although eBay rejected the offer shortly after it was made, GameStop has signaled that it has not abandoned its ambitions and plans to continue pursuing the transaction.
The company did not disclose its next steps or explain how it intends to advance the takeover after eBay’s rejection. However, it said a detailed presentation covering the proposed acquisition strategy will be released in the coming days.
Alongside its acquisition plans, GameStop projected a strong financial outlook, forecasting adjusted EBITDA of more than $600 million for fiscal 2026, compared with $345.4 million reported in fiscal 2025.
The optimistic earnings forecast boosted investor sentiment, with GameStop shares rising more than 2% in after-hours trading following the announcement.
If successful, the deal would rank among the largest acquisitions in the retail technology sector, combining GameStop’s gaming-focused retail business with eBay’s global online marketplace platform.
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