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Nauman Khan

GameStop CEO Ryan Cohen May Kill His $56 Billion eBay Bid. GME Stock Investors Could Come Out on Top.

GameStop Ryan Cohen eBay GME

GameStop (GME) CEO Ryan Cohen may be rethinking his $56 billion bid for eBay (EBAY), and that could be a positive development for GME stock. Bloomberg reported Monday that Cohen is considering withdrawing the takeover offer and pursuing a partnership or joint venture with the online marketplace instead.

The potential shift would represent a major change in strategy. Rather than taking on billions of dollars in financing to acquire eBay, GameStop could give the company access to its roughly 1,600 U.S. stores while gaining greater exposure to eBay’s massive online marketplace.

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