GameStop Reportedly Preparing to Make an Offer to Buy eBay

GameStop is reportedly interested in buying eBay and is preparing to make an offer.

As The Wall Street Journal noted, Cohen could make up to $35 billion in stock if the company’s market value hits $100 billion, among other compensation package criteria.

In January, the 40-year-old billionaire told the publication he wanted a “big” deal that is “ultimately either going to be genius or totally, totally foolish.”
At the beginning of 2025, GameStop had around 2,325 locations in the U.S., but by the end of the year it had closed 590 of them.

It then kicked off 2026 by closing even more stores as part of an effort to reduce costs.

For years now some have called GameStop a dying bricks and mortar retailer as it looks to new and often bizarre ways to generate revenue.

August 2023 saw the company pull out of crypto , and it shut its short-lived NFT marketplace just a few months later.

More recently (and much to the dismay of its employees ), GameStop held its first-ever Trade Anything Day , which saw customers bringing in literally anything for trade-in credit at their local stores.

During the 2025 financial year ending January 31, 2026, GameStop saw net sales of $3.630 billion, down from $3.823 billion in 2024.

Operating income was $232.1 million, compared to an operating loss of $26.2 million in fiscal year 2024.

Photo by Michael M.

Santiago/Getty Images.

Wesley is Director, News at IGN.

Find him on Twitter at @wyp100.

You can reach Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.