Can GameStop Really Buy eBay?

GameStop 真的能收购 eBay 吗?

The Journal.

2026-05-09

22 分钟
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GameStop has made an unsolicited offer to buy eBay for about $56 billion. The proposed deal, which eBay says it is reviewing, is the brainchild of GameStop CEO Ryan Cohen. In an interview with WSJ’s Lauren Thomas, Cohen said that putting his videogame retailer and eBay under one roof could create opportunities to cut costs and improve earnings. Jessica Mendoza hosts. Further Listening: - To the Moon: How did a bunch of amateurs take Wall Street by surprise? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • My name is Lauren Thomas, and I am a deals and activism reporter here at The Wall Street Journal.

  • And Lauren, we 're talking to you because there was a proposed merger and acquisition,

  • proposed deal that caught a lot of people's eyes recently.

  • Can you tell us what that is?

  • Yes.

  • Big headline number for sure.

  • GameStop officially submitted a proposal, a $56 billion proposal to acquire eBay.

  • GameStop, which is worth about $11 billion,

  • was offering to buy a company four times that size, eBay, the commerce giant.

  • What did you think when you heard that?

  • Yeah, I mean, probably like everyone else was scratching my head a little bit.

  • You don't often see these smaller companies coming out and trying to buy much larger businesses.

  • So that in and of itself, I think, provides some shock value.

  • So Lauren called the man behind this audacious plan, Ryan Cohen, the CEO of GameStop.

  • Walk through like what ultimately led you to eBay?

  • I think that eBay under my watch, it really comes down to like scale.

  • Yeah.

  • Being able to do something big.

  • You're right.

  • And I think eBay, there's nobody who is more qualified based on my experience to run the eBay business.