GameStop said Friday it remains committed to acquiring eBay despite the e-commerce company’s rejection of its unsolicited takeover offer, while also projecting a strong earnings year.
Adjusted EBITDA for fiscal year 2026, which closes Jan. 30, 2027, is projected to surpass $600 million — a significant jump from the $345.4 million GameStop posted in fiscal year 2025
GameStop stock rose more than 2% in after-hours trading. Friday’s short regulatory filing reiterated the company’s commitment to pursuing the eBay deal, noting that further documentation related to the proposed transaction will be released in the coming days. Beyond affirming its intent, GameStop offered no explanation of how it plans to move the deal forward, Reuters reported.
GameStop had previously said it planned to release a detailed presentation this week laying out the strategic rationale and operational plan for combining the two businesses. GameStop CEO Ryan Cohen put forward a non-binding proposal in May to buy all of eBay’s outstanding shares at $125 apiece, split evenly between cash and GameStop stock, placing eBay’s equity value at roughly $55.5 billion. Cohen pointed to approximately $9.4 billion in GameStop’s cash reserves and up to $20 billion in debt backed by a commitment letter from TD Securities to fund the deal.