GameStop Is Preparing Offer For eBay (yahoo.com)
(Saturday May 02, 2026 @11:34AM (BeauHD)
from the meme-stocks-meets-marketplace dept.)
- Reference: 0183099972
- News link: https://slashdot.org/story/26/05/02/0010242/gamestop-is-preparing-offer-for-ebay
- Source link: https://finance.yahoo.com/markets/stocks/articles/gamestop-preparing-offer-ebay-wsj-212703455.html
GameStop is reportedly [1]preparing a potential offer for eBay , an unusually ambitious move given that eBay's roughly $46 billion market value is nearly four times GameStop's. Reuters reports:
> GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer's market value more than tenfold, the Wall Street Journal [2]reported on Friday. Shares of eBay, which has a market capitalization of about $46 billion, soared about 14% in extended trading. GameStop gained 4%. The company has a market value of nearly $12 billion.
>
> GameStop has been quietly building a stake in eBay's shares ahead of a potential offer, the report said, citing people familiar with the matter. If eBay is not receptive, Cohen could decide to take the offer directly to the e-commerce company's shareholders, the Journal said.
[1] https://finance.yahoo.com/markets/stocks/articles/gamestop-preparing-offer-ebay-wsj-212703455.html
[2] https://www.wsj.com/business/deals/gamestop-preparing-offer-for-ebay-1678e6de
> GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer's market value more than tenfold, the Wall Street Journal [2]reported on Friday. Shares of eBay, which has a market capitalization of about $46 billion, soared about 14% in extended trading. GameStop gained 4%. The company has a market value of nearly $12 billion.
>
> GameStop has been quietly building a stake in eBay's shares ahead of a potential offer, the report said, citing people familiar with the matter. If eBay is not receptive, Cohen could decide to take the offer directly to the e-commerce company's shareholders, the Journal said.
[1] https://finance.yahoo.com/markets/stocks/articles/gamestop-preparing-offer-ebay-wsj-212703455.html
[2] https://www.wsj.com/business/deals/gamestop-preparing-offer-for-ebay-1678e6de
The other way ... (Score:2)
by PPH ( 736903 )
... to look at this: Accquisition of eBay might distract GameStop from its core market. Games, consoles and game-associated collectibles. I have no doubt that gamers might be unsatisfied with the "eBay experience" when buying used gear there. But in the grand scheme of things, they are a relatively smaller market there than in a GameStop store. And that dilution will carry through to the new combined entiity. Don't like eBay? Get ready for a GameStop that has other customers to appease before you.
Re: (Score:3)
Amazon is way too expensive for most things. eBay has a wider range of competing providers, local and international, and doesn't do dynamic pricing the same way Amazon does.
Re: Why would you buy a dead company... 2000's is (Score:2)
Dead company? Shows what you know. eBay's market cap is higher now than it has been in over a decade, and they are making money hand over fist. No, they are not in the league of Amazon or AliBaba in terms of revenues, but they are way, way ahead of competitors like Etsy and Wayfair.
Re: (Score:2)
eBay has been struggling for a very long time. You can see the market cap history here: [1]https://companiesmarketcap.com... [companiesmarketcap.com]
For instance, in December of 2004 eBay had a market cap of 77.87 billion. In today's money that would be somewhere around 135 billion, a far cry from the current 46.2 billion, which would be worth about 12 billion in 2004.
[1] https://companiesmarketcap.com/ebay/marketcap/
Re: (Score:2)
GameStop is way too small for a cap vs ebay... crazy they want to eat the larger fish
Re: Why would you buy a dead company... 2000's is (Score:3)
Amazon is almost as bad as ebay, I avoid both
Re: (Score:1)
Because: CEO Ryan Cohen has signalled interest in large-scale acquisitions to grow GameStop into a significantly larger business. Cohen’s compensation package includes incentives tied to achieving a $100 billion market valuation.
Re: Why would you buy a dead company... 2000's is (Score:3)
Bingo! So $10B EBITDA but at what cost. Spend $12B to get $10B? It's madness. Just more insanity in the world of CEOs, while the regular folk suffer.
Re: Why would you buy a dead company... 2000's is (Score:4, Insightful)
I've had more of the opposite problem with eBay. Selling there kind of sucks, unless you're selling brand-new Amazon style items and prepared to offer a full warranty and free returns.
Selling anything used or asâ"is is a shit show, because idiots will just click "buy now" on mobile without reading the description or condition, then return it when it's not new/sealed, and assholes will buy things like TV parts "sold as-is" then return it after they find out that the power supply is bad and now they blew the ass out of the mainboard they bought to try it.
eBay offers little recourse in these cases. Sometimes they'll refund the return shipping. You can ban buyers, but nothing stops them just making a new account, especially now that buyer feedback is essentially meaningless. The bright side is, the seller has the buyer's address for.. let's just go with "their records."
So like American "democracy," it's shit, but most of the alternatives are worse.
Re: (Score:1)
> The bright side is, the seller has the buyer's address for.. let's just go with "their records."
As someone who has been on the receiving end of harassment and threats by a seller I don't find this amusing.
Re: (Score:2)
The thing about eBay that irks me especially now is when you order something and it just shows up from Amazon anyway.
Frankly that should be something that gets you banned from selling on the platform.
Re: Why would you buy a dead company... 2000's is (Score:2)
I've had that experience. My assumption is it's a long con to build up account rep and reviews for a rug pull later. Or they're pocketing the shipping cost from their Amazon prime subscription ..
Re: (Score:2)
I absolutely think it's just the latter, they just have a bot that finds items on Amazon, figures out the sell price to squeeze a small profit and just basically middleman transactions, they don't ever have to hold or touch products.
It's just shitty behavior in this particular case since my wife started buying more from eBay specifically to not buy on Amazon but it seems unavoidable. It just feels against the entire spirit of eBay as a platform but I suppose they still get their cut so why should they care
Re: (Score:2)
Drop shipping from Amazon (or any other retailer) is not allowed on eBay according to their rules. However cockroach drop shippers infest eBay with eBay doing very little to curb the practice. That is why I very, very rarely purchase new items through eBay. The chances of getting ripped off by drop shippers is too great.
Re: (Score:2)
I ask this question seriously: How are you getting "ripped off" by drop shippers? You're getting what you paid for, and I assume in the estimated time frame.
I'm not counting the fake international drop shippers here (advertising US-located items but actually shipping from China), mostly the Amazon drop shippers.
Re: Why would you buy a dead company... 2000's is (Score:2)
Just because you had a bad experience doesn't mean you can extrapolate that to everybody. I think eBay has a bright future because inflation has fucked everybody and most will flock to used products instead of new
Re: (Score:2)
I use eBay all the time, but very, very rarely do I purchase new items. eBay is a treasure trove for that odd used part you are looking for, perhaps to finish a retro computer build, or to replace that dish you broke in a set that is no longer manufactured. Most of the time new items offered on eBay are fulfilled by drop shippers through Amazon or a similar site. The drop shippers on eBay are the worst for scamming you so I avoid new purchases completely. I believe drop shipping is not allowed according to
Re: (Score:2)
Also a great source of good quality used books, super cheap.