- Ryan Cohen says eBay directors should not dismiss his proposal without engaging on its substance
May 13, 2026
NEW YORK, May 13 (Reuters) - GameStop CEO Ryan Cohen on Wednesday told eBay's board that the company should not reject his $56 billion takeover proposal and that the company's shareholders deserve a chance to evaluate it.
Cohen wrote to the chairman of eBay that he requested a meeting with the company's board but that the board declined, according to the letter which was seen by Reuters.
Cohen sent his letter one day after eBay on Tuesday rejected his stock and cash offer.
(Reporting by Svea Herbst-Bayliss; Editing by Nia Williams)
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- Ryan Cohen says eBay directors should not dismiss his proposal without engaging on its substance
May 13, 2026 · reuters.com
GameStop CEO Ryan Cohen on Wednesday told eBay's board that the company should not reject his $56 billion takeover proposal and that the company's shareholders deserve a chance to evaluate it.
- GameStop CEO Ryan Cohen Wants eBay, Says He'll Do 'Whatever' It Takes
May 13, 2026
GameStop Corp. (NYSE:GME) CEO Ryan Cohen is making his clearest case yet for why he wants eBay Inc. (NASDAQ:EBAY), framing the proposed deal as a chance to transform one of the largest e-commerce platforms in the U.S. under an owner-operator model.
GME stock is moving. See the chart and price action here.
Cohen joined Anthony Pompliano on the "From the Desk of Anthony Pompliano" podcast and explained why he wants to acquire eBay.
FULL INTERVIEW: @ryancohen explains his plan to acquire eBay.
He unpacks his pitch to institutional investors, why eBay is so horribly run, and how Ryan plans to create billion in shareholder value.$GME$EBAYpic.twitter.com/GQ1QkhPku2
— Anthony Pompliano 🌪 (@APompliano) May 13, 2026
“I Want to Own eBay“
GameStop has proposed acquiring eBay for $125 per share in a half-cash, half-stock deal, with Cohen saying GameStop has about $9 billion in cash and a $20 billion financing commitment from bankers.
He framed the bid as a shareholder-friendly combination that would let eBay investors take part cash while rolling the rest into a combined company led by him.
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"It’s within my circle of competence," Cohen said. "It’s a business that I understand. It’s the second-largest e-commerce asset in the United States."
Cohen argued eBay is "under earning" and said he could "make a really big impact in terms of the profitability in the short term, but more important in the long term."
"It’s something where I want to run eBay. I want to own eBay. I want eBay to be a much, much larger business," Cohen said.
He said his Chewy experience is central to the thesis.
"E-commerce is in my wheelhouse and there’s no asset in my view that has as much potential as eBay," Cohen said.
Cohen is Undeterred
eBay rejected GameStop's proposal, calling the offer "not credible or attractive."
Cohen argued the response was expected, saying the deal is "not attractive to the board and the management team" because they would be replaced, but "it's very attractive to shareholders."
He contrasted his approach with eBay's current leadership, saying, "I don’t get paid unless I build a much larger business and I want to turn eBay into something much larger."
He also took aim at eBay's expense structure.
"I mean, it’s a business that’s spending over $5.5 billion on $11 billion in revenue to run a business that essentially has no inventory and is very asset light," Cohen said, adding that he is "committed to $2 billion in cost cuts at eBay."
He Likes the Business
Cohen told Pompliano that he is prepared to keep pressing the matter directly with shareholders.
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"We’re going to do whatever we obviously need to do in order to bring this proposal in front of the true owners of the business," he said.
Cohen summed up his eBay motivations simply: "I want the business. I want the business."
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GME Price Action
The chart below shows the one-year price action for GME:
GME Price Action: GameStop stock was down 0.22% at $22.34 at the time of publication on Wednesday, according to Benzinga Pro.
Over the past month, GME has declined about 4.53% versus a 9.5% rise in the S&P 500 and is up roughly 10% year-to-date compared to the index’s 8.2% gain.
Photo: Jillian Cain Photography / Shutterstock
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- Citi Hikes eBay Price Target to $127: Better Execution Drives Q1 Beat
May 13, 2026
Quick Read
eBay (EBAY) received a price target raise to $127 from $114 by Citi analyst Ronald Josey, reflecting improving operational execution and momentum in focused categories like collectibles, refurbished electronics, auto parts, and luxury goods. eBay’s strategic pivot toward high-margin category-specific niches and the pending $1.2B acquisition of Depop from Etsy (ETSY) validate management’s multi-year repositioning away from competing on price with Amazon (AMZN). The analyst who called NVIDIA in 2010 just named his top 10 stocks and eBay wasn't one of them. Get them here FREE.
One firm is doubling down on its bull case for the online marketplace. Citi analyst Ronald Josey raised his price target on eBay (NASDAQ:EBAY) stock to $127 from $114, maintaining a Buy rating. The price target raise reflects what Citi describes as improving operational execution and continued momentum across the company's targeted growth categories.
For long-term holders, this reads as a calibrated endorsement rather than a thesis-changing call. eBay stock has already had a strong run, with shares trading near $111.68 as of Wednesday morning, after climbing roughly 28% year to date.
Ticker Company Firm Action Old Rating New Rating Old Target New Target EBAY eBay Citi Price Target Raise Buy Buy $114 $127
The Analyst's Case
Josey's note points to strength across eBay's focus categories as the central reason for the upgrade. Those categories, which include collectibles, refurbished consumer electronics, auto parts, luxury goods, sneakers, and trading cards, lean into the auction format and community expertise that distinguish eBay from broader e-commerce rivals.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and eBay wasn't one of them.Get them here FREE.
Citi believes the trends that drove eBay's better-than-expected Q1 2026 results should continue. Translation: the multi-year strategic pivot under current management is producing measurable operational gains, and improving execution can justify a higher valuation multiple over time.
Company Snapshot
eBay reported a strong finish to last year, with Q4 2025 revenue of $2.965 billion, up 15% year over year, and non-GAAP EPS of $1.41 versus a $1.35 estimate. Gross merchandise volume reached $21.24 billion, with U.S. GMV up 19% and active buyers hitting 135 million.
eBay's advertising business remains a quiet margin driver. First-party ad revenue grew 19% to $517 million in the quarter, helping support profitability even as non-GAAP operating margin compressed from 27% to 26%. Management also remains committed to capital returns, having raised the quarterly dividend by 7% to $0.31 and authorized an incremental $2 billion buyback.
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Why the Move Matters Now
eBay has been a multi-year underperformer relative to flashier e-commerce peers, with the stock historically trading at a discounted multiple. The bull case rests on the focus categories thesis working as designed, and Citi's note effectively confirms it is.
The pending $1.2 billion all-cash acquisition of Depop from Etsy (NASDAQ:ETSY), expected to close in Q2 2026, adds fashion resale exposure and another category-specific lever. CEO Jamie Iannone has stated that "eBay is in the strongest position it has been in years."
What It Means for Your Portfolio
For prudent investors, the revised Citi target reinforces eBay stock as a total-return story: modest growth, steady buybacks, a rising dividend, and a slowly improving valuation narrative. The bear case is real, with Amazon (NASDAQ:AMZN), Mercari, and Poshmark all competing in adjacent niches, and the marketplace's ability to re-accelerate growth remains an open question.
eBay insider activity warrants a closer look, since CEO Jamie Iannone has been a consistent seller through the recent rally. All in all, position sizing and patience may matter more here than chasing the price target.
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- GameStop CEO Ryan Cohen Wants eBay, Says He'll Do 'Whatever' It Takes
May 13, 2026 · benzinga.com
GameStop Corp. (NYSE:GME) CEO Ryan Cohen is making his clearest case yet for why he wants eBay Inc. (NASDAQ:EBAY), framing the proposed deal as a chance to transform one of the largest e-commerce platforms in the U.S. under an owner-operator model.
- SureDone Launches Mobile App, Bringing Amazon, eBay and Shopify Listing Management Into One Mobile Experience
May 13, 2026
SureDone Mobile is believed to be one of the first mobile-first seller apps designed to help merchants manage and list products across Amazon, eBay and Shopify from a single app
NEW YORK, May 13, 2026 /PRNewswire/ -- SureDone, a multichannel e-commerce listing, inventory and order management platform, today announced the launch of SureDone Mobile, a new iOS and Android app that brings product management and multichannel listing workflows for Amazon, eBay and Shopify into one mobile experience.
SureDone Mobile gives sellers a faster way to search products, create and edit listings, capture product photos, authorize sales channels, and manage listing activity without being tied to a desktop. The app extends SureDone's multichannel commerce platform to mobile, giving sellers a new way to manage everyday listing and product workflows from wherever work happens.
"Professional multichannel sellers should not need three apps, a desktop browser, and a manual workflow just to manage products across Amazon, eBay and Shopify," said Jason Nadaf, Founder and CEO of SureDone. "SureDone Mobile brings those workflows into one mobile experience and gives sellers a faster way to create, manage and list products from their phone."
With SureDone Mobile, sellers can:
Create and manage products from their phone Capture and upload product photos Search and browse product catalogs Authorize Amazon, eBay and Shopify accounts View channel listing status from a single product screen Manage listing workflows across connected channels where supported
SureDone Mobile is also part of the company's broader AI-native commerce roadmap. The same API infrastructure powering the mobile app supports SureDone's emerging AI agent platform, including listing and integrations agents designed to reduce manual work, improve listing success and automate e-commerce operations.
"Mobile is the natural interface for the next generation of commerce automation," Nadaf added. "As SureDone rolls out AI-powered listing and workflow tools, sellers will increasingly need a simple way to review, approve and act from anywhere. SureDone Mobile is a major step toward that future."
SureDone Mobile is expected to be available beginning May 13, 2026.
About SureDone
SureDone provides brands, enterprises and growing businesses with multichannel listing, inventory and order management for complex e-commerce operations. The platform includes built-in connections to marketplaces and storefronts such as eBay, Amazon, Walmart and Shopify, along with a flexible automation engine, open API and specialized capabilities for automotive and motorsports parts and accessories, including fitment, kits and bundles, distributor integrations, dropshipping and vendor workflows.
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SureDone helps sellers automate expensive and time-consuming operational tasks while giving teams centralized control over product data, inventory, orders and channel activity.
On the web: https://suredone.com
Contact:
Jason Nadaf
877-773-6755
414397@email4pr.comCision
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- GameStop's eBay Bid May Just Be Starting
May 13, 2026
This article first appeared on GuruFocus.
eBay (NASDAQ:EBAY) may have rejected GameStop's (NYSE:GME) unsolicited $125 per share takeover offer, but Wall Street increasingly believes the fight could be far from finished.
Morgan Stanley said the situation may only be entering its next phase after eBay dismissed the proposal as neither credible nor attractive.
Warning! GuruFocus has detected 8 Warning Signs with EBAY. Is EBAY fairly valued? Test your thesis with our free DCF calculator.
According to the bank, GameStop still has several possible paths forward, including raising its bid, taking the deal directly to shareholders through a proxy battle or securing additional financing to make the proposal more compelling.
The drama has quickly become one of the market's most closely watched takeover stories because of how unusual the pairing is. GameStop, still heavily associated with meme stock trading and CEO Ryan Cohen's transformation efforts, is attempting to go after a much larger and more established e commerce platform in eBay.
Morgan Stanley also floated another interesting possibility: now that eBay is effectively viewed as in play, other potential bidders could eventually emerge.
Still, the bank cautioned that investor support for the current proposal appears limited unless GameStop comes back with a bigger premium and more cash.
Stifel struck a similarly cautious tone.
The firm said Ryan Cohen could still push ahead with a proxy fight but questioned whether shareholders would support a deal given the large size difference between the companies and the execution risks tied to integrating the businesses. Analysts there were also skeptical of Cohen's projection that the combined company could unlock $2B in synergies within just 12 months.
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- The Big 3: CAT, GLD, EBAY
May 13, 2026 · youtube.com
@Theotrade Don Kaufman walks us through today's Big 3 trades by highlighting Caterpillar's (CAT) massive 50% year-to-date rally and why it's trading like a tech stock. He discusses the SPDR Gold Shares ETF (GLD), saying the inflation backdrop offers bullish momentum for metals.
- People are paying $5,000 for a pack of Pokemon cards at GameStop. For some, it's paying off big time
May 13, 2026
Ebay might have rejected (1) GameStop's (NYSE: GME) takeover bid, but the meme stock retailer is still moving ahead with its somewhat unusual revenue-gathering strategies. The company is riding the wave of Pokémonhysteria, selling presorted packs of cards for as much as $5,000 each.
If you're doing the math at home, that is just under a 100,000% markup on a pack's suggested retail price. It's the sort of gamble that makes Vegas look like a sure thing. But that's not stopping some collectors from rolling the dice.
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There are actually several tiers of these GameStop Power Packs (2). The more you pay, the better the chances that your pack will contain a high-level card, the company says. (There are, however, no guarantees the pack will contain anything of value.) Prices start as low as $25 and, until recently, were capped at $2,500. But after announcing the Ebay bid, GameStop began offering a $5,000 option.
The rewards are significant. Among the cards GameStop says are hidden (3) in the packs are a 1999 Charizard-Holo, valued at more than $68,000; a Mewtwo-Holo from 2006, worth nearly $61,000; and a Vaporeon 2007 Holo card, worth over $60,000.
Buyers can instantly sell back any cards they want to GameStop at 90% of the card's fair market value, minus a 6% selling fee (4). (They can also choose to sell them via Ebay or other methods, likely earning more, but those will take longer for them to receive the funds.)
Hit-to-miss ratio
GameStop hasn't said a lot about the card packs publicly, but on May 9, it paid a YouTube streamer (5) to open packs in a broadcast to promote the collection. All totaled, 60 Power Packs were opened over several hours.
While there were a couple of cards pulled that were worth a notable amount (a $7,000 Rayquaza card being the biggest), the majority of the cards that were drawn were worth less than $100.
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Sustained demand
Pokemon cards have never seen their popularity dim, but they've become almost an analog equivalent of Bitcoin lately. Earlier this year, influencer Logan Paul sold his PSA 10-graded Pikachu Illustrator Pokémon trading card for nearly $16.5 million (6), a record amount. (Paul paid $5.27 million for the card in 2021.)
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While the trading card industry, as a whole, has seen price run-ups in the past few years, Pokémon is far and away the industry leader. As of last July, the value of those cards has increased 3,261% (7) in the past 20 years, far surpassing the S&P 500 and most other investment vehicles.
In the 12 months prior to that, the average Pokemon card saw a 46% increase in value.
People are making some extreme trades for the cards too. One collector recently swapped his six-figure Audi R8 supercar for a collection of cards that he valued at over $130,000.
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Article Sources
We rely only on vetted sources and credible third-party reporting. For details, see ourethics and guidelines.
The Wall Street Journal (1); GameStop (2),(3),(4); YouTube (5); CNN (6); Fortune (7)
This article originally appeared on Moneywise.com under the title: People are paying $5,000 for a pack of Pokemon cards at GameStop. For some, it's paying off big time
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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- Citi Hikes eBay Price Target to $127: Better Execution Drives Q1 Beat
May 13, 2026 · 247wallst.com
One firm is doubling down on its bull case for the online marketplace. Citi analyst Ronald Josey raised his price target on eBay (NASDAQ:EBAY | EBAY Price Prediction) stock to $127 from $114, maintaining a Buy rating.
