"GameStop, the struggling brick-and-mortar video game retailer with a market value of about $12 billion, wants to buy eBay, an e-commerce company worth around $46 billion."
"GameStop's most recent earnings report for the full year of 2025 has the company's sales at $3.6 billion, down from $3.8 billion the year before, and its operating income finally in the black at $232.1 million."
"GameStop has struggled over the last decade, initially due to a broad industry decline in physical game sales amid the rise of digital that only accelerated during the height of the COVID-19 pandemic."
"In 2023, Cohen took over as CEO with plans to revitalize the struggling business, which took the form of massive staff and store location cuts, selling some international operations."
GameStop aims to acquire eBay, building a stake in the e-commerce company valued at $46 billion. GameStop's recent earnings show a slight decline in sales but a positive operating income. eBay reported a revenue increase of 19 percent year-over-year. GameStop has faced challenges over the past decade due to declining physical game sales and leadership changes. CEO Ryan Cohen is implementing strategies to revitalize the company, including staff cuts and selling international operations.
Read at Kotaku
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