GameStop rises on report it is considering withdrawing $56 billion eBay bid

GameStop

10/08/2026 13:14

** Shares of Videogame retailer GameStop GME.N gain 2% to $19.50 premarket  
** GameStop, led by CEO Ryan Cohen, is considering withdrawing its $56 billion bid for eBayEBAY.O, Bloomberg News reported, citing people familiar with the matter
** Cohen is considering proposing a partnership or joint venture that would enable eBay to leverage GameStop's roughly 1,600 U.S. retail locations, as per the report
** GameStop, as one of eBay's largest shareholders, would seek representation on eBay's board as part of any partnership
** GME owns nearly 10% of eBay, as per a regulatory filing in July
** Shares of eBay were down about 1%
** Up to last close, GME had fallen 4.6% YTD

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))