All articles tagged with #gamestop
GameStop kicked off a large sale on Nintendo Switch 2 and standard Nintendo Switch games, with several titles discounted to $15 and $35. Highlights include Super Mario RPG and Crisis Core: Final Fantasy 7 Reunion. The full lineup is live for about a week, though stock may sell out; affiliate links may apply.
GameStop CEO Ryan Cohen earned $168,421.39 by selling his personal items on eBay for about a week, including a Halo 2 Master Chief statue that fetched $15,100. The stunt accompanied Cohen’s unsolicited bid for eBay, which GameStop rejected, and the total represents a tiny fraction of the proposed deal, with Cohen’s eBay profile briefly suspended due to high-price listings.
eBay’s board rejected GameStop’s roughly $55.5–$56 billion proposal to acquire the company, saying the bid was neither credible nor attractive due to funding uncertainties, governance concerns, and questions about standalone value; GameStop’s shares dropped in premarket trading, and a twist that Cohen was reportedly selling GameStop gear on eBay to fund the bid highlighted the deal’s oddities as eBay pursues growth amid competition from Walmart, Amazon, and others.
eBay formally rejected GameStop's $56 billion proposal to acquire the marketplace, calling it not credible or attractive due to financing uncertainties, potential leverage and governance issues, and questions about how the deal would affect eBay's long-term growth and profitability. GameStop had claimed $20 billion in debt financing and could offer large stock options to Ryan Cohen if values rose, leaving room for a possible hostile attempt while GameStop continues to shutter stores to boost profitability.
eBay rejected GameStop’s $55.5 billion takeover offer as “neither credible nor attractive,” citing financing uncertainty and the leverage/operational risks of a merger. GameStop, which owns about 5% of eBay, offered $125 per share in cash and stock and argued its 1,600-location network could bolster eBay’s authentication and fulfillment, but the bid’s financing concerns and the gap in scale between the two companies led to the rejection; the offer followed GameStop’s meme-stock surge and GameStop did not immediately responds to comment.
eBay's board rejected GameStop's unsolicited bid of about $55.5 billion to acquire the company, calling the proposal not credible or attractive and flagging financing uncertainties, governance concerns, and potential impact on long-term growth; GameStop’s CEO has floated taking the bid to shareholders, signaling a possible hostile move.
eBay has rejected Ryan Cohen's unsolicited $55.5 billion bid for the company, saying the proposal is neither credible nor attractive and outlining six factors that informed the decision: standalone prospects, financing uncertainty, impact on long-term growth and profitability, leverage and governance risks of a combined entity, valuation implications, and GameStop’s governance and executive incentives. Cohen has indicated he will continue pursuing the deal. GameStop had proposed a cash-and-stock offer at $125 per share; market moves followed, and there was no immediate comment from GameStop.
EBay’s board rejected GameStop’s unsolicited $56 billion cash-and-stock proposal, saying the offer is not credible or attractive due to financing uncertainties, high leverage, and a lack of meaningful synergies, with analysts skeptical about the deal’s strategic value.
eBay’s board rejected GameStop’s unsolicited, non-binding acquisition proposal after a thorough review, deeming it neither credible nor attractive. The decision weighed eBay’s standalone prospects, financing uncertainty, potential impact on long-term growth and profitability, risks and governance concerns of a combined entity, and GameStop’s incentives. The board emphasized its strong standalone performance, ongoing strategic focus, and commitment to delivering long-term shareholder value under its current leadership.
GameStop proposes a $28 billion, partly cash and partly stock deal to acquire eBay and parcel it into a new, differently led company. eBay shareholders would get a cash payout plus 70% of the new entity, in a package valued around $49 billion for investors, financed by a $20 billion loan arranged by TD Bank and GameStop debt. Framed as an activist-style acquisition rather than a straight takeover, the plan hinges on governance, cost cuts, and whether GameStop’s meme-stock appeal and CEO Ryan Cohen can translate into durable value for eBay holders, all while bearing a heavy debt load (roughly five times ebitda) and governance questions.
GameStop CEO Ryan Cohen says he wasn’t passionate about GameStop and is pursuing a bid to take over eBay, proposing a mix of cash and stock but lacking the cash to fund a roughly $56 billion offer with only about $9.4 billion in assets. He’s begun selling GameStop memorabilia on eBay to raise funds, but the plan faces uphill odds as eBay remains healthy while GameStop continues to struggle with store closures and shrinking international operations.
Ryan Cohen says he intends to buy eBay and become its CEO, outlining a financing plan that uses GameStop’s cash and debt in a roughly $56 billion bid and proposing to split existing shareholders’ proceeds before rolling the rest into a GameStop–eBay merger. He argues cost‑cutting could boost eBay’s profitability and calls out what he sees as weak leadership and culture at eBay. Cohen has framed his personal frugality and public stunts as part of funding the deal, and eBay says it is reviewing the bid.
GameStop CEO Ryan Cohen claimed his eBay account was permanently suspended amid his bid to take over eBay, while he advertised 36 auctions—including retro games, trading cards, memorabilia, and a signed copy of his takeover proposal—to fund the effort; Cohen’s plan envisions GameStop stores as authentication hubs and live-commerce studios, backed by up to $20 billion in debt financing, though investor skepticism persists, with Michael Burry selling his GameStop shares.
GameStop disclosed a $56 billion offer to acquire eBay with a $20 billion financing commitment from TD Securities, but a key condition requires the combined company to maintain an investment-grade credit profile. Moody’s warned the deal could be credit negative due to high leverage (near 9x debt/EBITDA), risking the financing terms and casting doubt on the deal’s feasibility as GameStop’s market cap trails the deal size. eBay’s board will review the bid, and GameStop has hinted at issuing more stock if needed.
Kotaku reports that GameStop CEO Ryan Cohen’s eBay listings include items that appear to be from the Game Informer Vault, the company’s long-shuttered archive; while some listings match Vault artifacts, others do not, prompting critics to call for preserving the Vault’s history rather than auctioning it off. Cohen later said he was suspended from eBay amid the stunt, and GameStop did not comment.