GameStop CEO Ryan Cohen purchased 1.15 million shares for $26.4 million on September 21, 2026, increasing his direct holdings to over 40.4 million shares. The stock rose about 4% to a four-month high on September 22. The purchase follows Cohen's earlier buy of 1 million shares on September 10 and recent insider buying by three board members. GameStop shares have surged 30% over the past month.
IllustrationGameStop CEO Ryan Cohen purchased approximately $26.4 million in company stock on September 21, pushing shares to a four-month high the following day. The purchase comes against the backdrop of GameStop's previously rejected $56 billion bid for eBay. No new information has emerged regarding the status of that takeover proposal or any commercial partnership between the two companies.
GameStop's preliminary Q2 results revealed a significant gain from its eBay stake. Despite lower overall sales, the company booked a $238 million profit by converting an eBay derivative into 43.4 million shares. The development shows GameStop's investment in eBay is yielding financial returns, though no new decisions on a commercial partnership or takeover bid have been announced by either side.
GameStop may withdraw its $56 billion takeover bid for eBay and instead pursue a commercial partnership. The shift follows eBay's rejection of the initial offer in May, with GameStop having increased its stake to 9.8%, becoming eBay's second-largest shareholder. A potential deal would give eBay access to GameStop's roughly 1,600 U.S. retail locations to expand in higher-margin categories like collectibles, while GameStop seeks board seats, though no final decision has been made.
GameStop Corp. CEO Ryan Cohen purchased 1,150,680 shares for about $26.4 million on September 21, increasing his direct holdings to over 40 million shares. The stock rose 4% to a four-month high on September 22. The purchase follows Cohen's earlier buy of 1 million shares on September 10 and comes amid GameStop's debt restructuring and its rejected $56 billion bid for eBay.
GameStop issued preliminary Q2 2026 results showing net income of $290 million to $310 million, up from $168.6 million a year earlier, despite net sales falling to $780-$800 million from $972.2 million. The profit boost came from $238 million in gains from converting an eBay derivative into 43.4 million eBay shares worth over $4.9 billion. The company also amended $1.4 billion in convertible note settlements to reduce dilution. Shares rose up to 5% in premarket trading.
GameStop CEO Ryan Cohen is reportedly considering withdrawing the company’s $56 billion unsolicited takeover bid for eBay and instead pursuing a commercial partnership or joint venture. The potential deal would give eBay access to GameStop’s roughly 1,600 U.S. retail locations to expand in higher-margin categories like trading cards and collectibles, with GameStop seeking board seats. The shift follows eBay’s rejection of the initial offer in May. GameStop has increased its eBay stake to 9.8%, becoming its second-largest shareholder, but no final decision has been made.
eBay and three former top executives, including ex-CEO Devin Wenig, settled a civil lawsuit over the 2019 harassment of EcommerceBytes founders for $55.7 million. The case stemmed from a retaliation campaign by eBay employees against the critical newsletter, involving cockroaches, a bloody pig mask, and death threats; seven former employees had already pleaded guilty in a related criminal case. The settlement includes $46.15 million paid by eBay, charitable contributions, and a public apology.
Only one event matched to eBay was tracked in this period, but it primarily concerns OpenAI's launch of its first hardware product, the Codex Micro keyboard, with weak direct relevance to eBay. The event does not mention eBay's business, platform policies, or market performance, so there is no substantive update on eBay this period.