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I had no idea Gamestop had 55 billion dollars laying around. I guess those Funko Pops sell pretty well... I guess it makes sense since I've sold quite a few of my old games on eBay and along with cards and pops it's a good site to sell collectables on and that's what Gamestop's market is these days.

With physical GameStop locations continuing to drop like flies, this seems like an attempt at pivoting the entire business model off the back of an established name. It’s certainly easier than starting your own online marketplace and getting user share.

Zased wrote:

I had no idea Gamestop had 55 billion dollars laying around. I guess those Funko Pops sell pretty well... I guess it makes sense since I've sold quite a few of my old games on eBay and along with cards and pops it's a good site to sell collectables on and that's what Gamestop's market is these days.

They don't. $20b would be a loan, as stated in the article, and the rest coverd by "half cash, half stock" (GME still being massively overvalued due partially to momentum from that squeeze a few years back and partially by online cultists that belive they can force an even bigger squeeze if they just keep investing hard enough).

Ryan Cohen just did an interview with CNBC, and when the commentators kept pressing him that the math still showed him being $16b short, his eventual response was "I don’t understand your question; we’re offering half cash, half stock, and we have the ability to issue stock in order to get the deal done”

It's clear that this deal going through would almost certainly be the death knell for both companies, but hey, it would also trigger Ryan geting a $35b CEO compensation package. And isn't that what really matters?

That reasoning of his sounds suspiciously like, "Why don't they just print more money"

Game Stop is kind of an odd company to me. It keeps limping along despite various executives brought in to turn it around, and then when whatever idea they have doesn't pan out, they bail and it's on to the next.

Game Stop would hardly be the first retailer to try to keep going by selling something other than what it is known for, but that is usually where things like their shift to collectibles comes in. Taking on a whole different company that it cannot afford is a wild one.

In a race to the bottom of irrelevance, failing video game retailer bids to acquire aging internet markeplace. What could go wrong?

Waiting for it come out that Cohen got this brilliant idea from ChatGPT or something.

Ultimately, I think this guy just wants to get money from overpriced collectible and electronic resale that eBay scalpers get, that's the only reason I can think this would make sense while taking on this much debt. Still a bad plan, but I think that's the thought process.

You would think after seeing Musk buy Twitter and turning it into 4 Chan lite, Skydance merging with Paramount and presently killing CBS ratings, and other conservatives buying formerly apolitical organizations and destroying them over the last decade or so.

Certain people would cognizant why such occurrences are bad. But no we gotta complain or incredulously ask “what does this have to down with anything”.

ryan also is a fail son that only got here via daddy money and the meme stock bros so yeah.

I feel it doesn’t happen.
Granted, I don’t buy (or sell) much on eBay anymore, but I still do business with it.

I feel GameStop is a shell of it's former self and I wouldn't mind if they closed forever at this point. I like eBay even though their fees are too steep. I feel this would be stupid for eBay to let go through but as always it's the shareholders not the company leader that have the final say unfortunately.

I still find Ebay useful, even if I rarely buy anything from there. It has gotten so expensive to ship that I don't even bother selling things there anymore.

Gamestop is such a mismanaged company that even the idea of them gaining control of it sounds awful. I can't imagine that Ebay will continue to operate like it has if this goes through.

I guess that Gamestop found its true calling: The pump and dump scheme
The only ones who will benefit are the ones who cash out.

I've also sold on eBay in the past and the increased fees and costs have really made it less desirable for me unless it's high-priced items. I generally don't bother unless an old game or figure I'm trying to sell will at least bring up $50 for me after everything is said and done. It's not worth the hassle of shipping tons of small-cost items anymore. I don't know if this will change anything for the better though but given the direction GameStop has gone in it makes sense they would be interested.