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GameStop’s Pokémon Card Markups Reach 400%, Triggering Backlash and Calls for Market Oversight
business9 hours ago

GameStop’s Pokémon Card Markups Reach 400%, Triggering Backlash and Calls for Market Oversight

Engadget reports that GameStop is marking up Pokémon cards well above retail, with 30th Anniversary sets priced far higher than Pokémon Center offerings (e.g., Ascended Heroes boosters around $90 online vs $27 retail), ETBs about $170, and Ultra-Premium Collections up to $600, often not listed online to enable last-minute increases; the piece notes this sparks backlash and outlines potential measures by Nintendo/The Pokémon Company to curb scalping, such as inventory controls and market operator agreements, amid ongoing bot-driven online restocks and in-store shortages.

via Engadget|
#30th-anniversary-set#business#gamestop
Fans Roiled by EB Games Pokémon Pre-Order Price Play
gaming1 day ago

Fans Roiled by EB Games Pokémon Pre-Order Price Play

Kotaku reports that EB Games Australia (GameStop) attracted backlash by listing vastly inflated pre-order prices for the Pokémon TCG 30th Anniversary set to deter scalpers, then rolling prices back for legitimate pre-orders. Critics say the final price still gouges fans since official prices for the set hadn’t been announced and the reduced ETB price of about $120 AUD remains well above MSRP, with Ultra Premium Collection prices even higher. EB Games defended the move as protecting fans, but the gaming community and outlet blasted it as a bait-and-switch that hurts customers.

via Kotaku|
#eb-games#gamestop#gaming
GTA 6 Physical Copies Struggle as Disc-Free Edition Suppresses Pre-Orders
gaming11 days ago

GTA 6 Physical Copies Struggle as Disc-Free Edition Suppresses Pre-Orders

Reports from GameStop staff and outlets suggest GTA 6 pre-orders for physical copies are abnormally low because the box only includes a digital download code and no disc, with some stores hitting only single-digit pre-orders against targets of hundreds. This disc-free approach could hurt brick-and-mortar retailers and the used-games market, even as digital pre-orders surge and rumors persist about a later disc release.

via RockstarINTEL|
#gamestop#gaming#gta-6
GameStop CEO Drops $35B Bonus to Chase eBay Bid
industry-news17 days ago

GameStop CEO Drops $35B Bonus to Chase eBay Bid

GameStop CEO Ryan Cohen reportedly forfeits a $35 billion incentive tied to boosting the company's value to focus on pursuing an acquisition of eBay, a plan eBay has said is not credible or attractive. The move comes after Cohen’s leadership shift and while GameStop sees improved quarterly results, it has also shuttered stores and cut jobs, leaving investors wary amid ongoing stock volatility.

via Kotaku|
#acquisition#ebay#gamestop
GameStop Halts Pro Points for New Members, Extends Pause Through August
business27 days ago

GameStop Halts Pro Points for New Members, Extends Pause Through August

GameStop is changing its Pro Membership rewards: new Pro members will stop earning Pro Points starting July 15, and current members will cease accruing on August 15, after the program previously offered about 2% back as points. The changes, reported by Kotaku and discussed on Reddit, appear to be a cost-cutting move despite a high quarterly profit. Separately, CEO Ryan Cohen has floated a bid to buy eBay, which eBay rejected, leaving a potential hostile approach as a distant possibility.

via GameSpot|
#business#cost-cutting#gamestop
GameStop Pro Rewards Cut: Points Vanish, Sparks Staff Backlash
business29 days ago

GameStop Pro Rewards Cut: Points Vanish, Sparks Staff Backlash

GameStop plans to scrap the Pro Memberships’ rewards points for new members starting July 15, 2026, with existing members able to accumulate points until August 15, 2026, after which all points expire. The $25/year program will continue but will no longer include point redemptions or a Game Informer subscription, even as stores downsizing increases sales pressure and staff frustration.

via Kotaku|
#business#employee-reaction#gamestop
GameStop posts record quarterly profit as it eyes an eBay bid
business1 month ago

GameStop posts record quarterly profit as it eyes an eBay bid

GameStop reported its highest-ever quarterly profit of $389.6 million for fiscal Q1, with revenue of $835.3 million (up from $732.4 million a year earlier), as it continued aggressive cost-cutting and layoffs. The stock jumped over 7% in after-hours trading, and the company noted $9.7 billion in assets. CEO Ryan Cohen has floated financing to buy eBay, though eBay rejected the proposal, with hints at a possible shareholder bid; the firm no longer holds earnings calls. The report also mentions a Halo 3 tournament as a side note.

via GameSpot|
#business#cost-cutting#ebay
Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid
business1 month ago

Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid

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.

via Business Insider|
#auctions#business#collectibles
eBay rebuffs GameStop’s $56B bid, citing credibility and governance concerns
business1 month ago

eBay rebuffs GameStop’s $56B bid, citing credibility and governance concerns

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.

via CNN|
#acquisition#business#ebay
eBay Rejects GameStop’s $56B Bid Over Financing and Value Doubts
business1 month ago

eBay Rejects GameStop’s $56B Bid Over Financing and Value Doubts

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.

via GameSpot|
#acquisition#business#ebay
eBay rebuffs GameStop's $55.5B bid, citing financing risk and integration hurdles
business2 months ago

eBay rebuffs GameStop's $55.5B bid, citing financing risk and integration hurdles

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.

via CBS News|
#business#ebay#financing
eBay Rejects Ryan Cohen's $55.5B Takeover Bid, Citing Six Strategic Concerns
business2 months ago

eBay Rejects Ryan Cohen's $55.5B Takeover Bid, Citing Six Strategic Concerns

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.

via Business Insider|
#business#corporate-governance#ebay