Overview
On 16 July 2026, eBay Inc. (NASDAQ:EBAY) saw its share price decline by 1.4% to a session low after GameStop Corp. CEO Ryan Cohen appeared on Bloomberg TV and announced that GameStop is pursuing a potential acquisition of eBay. Cohen stated the company would bring its plan directly to shareholders, declaring “we’re coming for eBay one way or another,” and criticized eBay’s executives as “entrenched and hiding behind advisors.”
Cohen further asserted that any debt arising from an eBay‑GameStop combination would be investment‑grade and that cost‑saving synergies would benefit GameStop shareholders. He noted that many investors have expressed interest in the transaction, describing the approach as unsolicited and indicating heightened tension with eBay’s management.
The market reaction was limited to the 1.4% share price drop, reflecting investor digestion of Cohen’s aggressive stance despite apparent resistance from eBay’s board.