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PC Gamer
PC Gamer
Andy Chalk

GameStop-eBay saga gets weirder: CEO says he was suspended from eBay for selling stuff on eBay 'to pay for eBay'

A pedestrian passes in front of a GameStop Corp. store in Ottawa, Illinois, U.S., on Monday, April 1, 2019. GameStop is scheduled to release earnings figures on April 2. Photographer: Daniel Acker/Bloomberg via Getty Images.

The strange tale of the GameStop CEO who wants to buy eBay took a turn for the weirder overnight. Just hours after putting up a pile of stuff up for auction, purportedly to help finance the acquisition—a fundamentally preposterous claim and one he's clearly not making seriously, but we'll get into that later—Ryan Cohen said he'd been suspended from the platform for "putting the eBay community at risk," although the suspension was apparently lifted at some point as the account is now viewable again.

GameStop announced its intent to acquire the much larger eBay on May 3, making a half-cash, half-stock offer for the company worth roughly $56 billion. Just one problem: GameStop, as far as anyone can tell, doesn't actually have $56 billion, even with $20 in proposed financing from TD.

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