Video game retailer GameStop is considering a plan to propose the acquisition of e-commerce platform eBay as early as May, the Wall Street Journal reported on May 1 local time.

According to the report, GameStop CEO Ryan Cohen (라이언 코언) said in January that the company was looking for retail acquisition targets to expand its business beyond offline game sales. Major shareholders, including Michael Burry (마이클 버리), have supported that direction. After the news of the push was reported, GameStop shares rose 6 percent in after-hours trading and eBay shares gained 13 percent.

In terms of size, the acquisition could be a significant challenge for GameStop. eBay's enterprise value is about $50 billion based on Friday's closing price. GameStop has $9 billion in cash, but its market capitalization is about $7 billion. To pursue the acquisition, GameStop would need to raise debt or issue its own shares.

The companies' business trends also contrast. GameStop posted revenue of $3.6 billion for the fiscal year ended in January and has been seeing declining revenue for several years, while eBay recorded 2025 revenue of $11 billion, up 8 percent.

Their stock performance has also diverged. Over the past 12 months, GameStop shares fell 3 percent, while eBay rose 54 percent.