GameStop said it will keep pursuing the rejected cash-and-stock offer for eBay, while CEO Ryan Cohen has invested $500 million of his own money and the retailer forecasts fiscal 2026 adjusted EBITDA above $600 million.
GameStop said it remains committed to its proposed takeover of eBay after the e-commerce company rejected an unsolicited cash-and-stock offer valued at about $56 billion. The bid, unveiled in May by GameStop CEO Ryan Cohen, surprised Wall Street as the retailer pitched a deal that could make the combined company a larger rival to Amazon. GameStop also said in a regulatory filing that it expects adjusted EBITDA of more than $600 million in fiscal 2026, up from $345.4 million in fiscal 2025. Separately, Ryan Cohen has invested $500 million of his own money in the takeover effort. GameStop shares rose more than 2% in extended trading.