GameStop (GME) on Solana

Uber Eats has added GameStop to its retail delivery platform, giving U.S. customers on-demand and scheduled access to video games, consoles, accessories, collectibles, and electronics from GameStop locations nationwide. Uber's North America grocery and retail head Hashim Amin described the move as strengthening the company's gaming and electronics selection, allowing shoppers to reach "another trusted retailer" with the speed and convenience the platform already offers for groceries and other goods.

The partnership is part of Uber Eats' broader push to expand its retail footprint beyond food delivery, following a similar arrangement with Ulta Beauty in May 2026. GameStop joins thousands of retailers already listed on the platform spanning categories including home improvement, beauty, and pet products.

GameStop is continuing to pursue a takeover of eBay despite the marketplace platform's initial rejection of the approach as "neither credible nor attractive." CEO Ryan Cohen has withdrawn a controversial performance award to demonstrate shareholder alignment and keep focus on the eBay negotiations, with the company raising its financial targets to underscore the strategic importance of expanding into online commerce beyond its legacy video game retail footprint.

Analyst attention on GME has picked up amid the persistence, with price targets climbing alongside the stock's roughly 10.7% year-to-date gain to around $22.82 per share. GameStop frames the eBay pursuit as central to repositioning the company as a broader marketplace operator, though execution risks — including financing, regulatory review, and integration — remain the primary investor concern if a deal were to progress.

eBay's board has formally rejected a non-binding acquisition proposal from GameStop, dismissing the approach as "neither credible nor attractive." The offer, which reportedly included a mix of cash and GameStop equity, was rebuffed as eBay's management opted to maintain its independent course. The rejection arrives amid broader activist pressure on eBay and follows a shareholder vote that failed to loosen rules for convening special meetings.

The failed bid underscores GameStop CEO Ryan Cohen's ambition to pivot the company beyond its retail gaming roots by acquiring established marketplace infrastructure. Cohen had previously foregone a $35 billion performance pay plan to focus on pursuing the eBay deal. eBay's recommerce capabilities, extensive seller base, and buyer network across consumer electronics and collectibles appeared to be the strategic rationale — categories that overlap with GameStop's existing business. With eBay's board closing the door, attention now turns to what acquisition target, if any, Cohen pursues next as GameStop continues to deploy its substantial cash reserves.

GameStop raised its FY26 EBITDA guidance to exceed $600 million, nearly double the $345.4 million the company generated in FY25. The upgraded outlook came alongside strong Q1 FY26 results: net profit of $389.6 million for the quarter ending May 2, 2026, compared to $44.8 million in the prior-year period — marking eight consecutive quarters of profitability. GME shares rose roughly 2% in after-hours trading on the news.

The earnings momentum underscores a significant operational turnaround from GameStop's loss-making retail era. Management indicated the leadership team remains focused on its proposed acquisition of eBay, where CEO Ryan Cohen recently declined a major performance-based pay package to prioritize the bid. GameStop had made an unsolicited $125-per-share cash-and-stock offer for eBay earlier this year, which eBay's board rejected, though GameStop has continued building its economic stake in the company.

GameStop CEO Ryan Cohen will forgo a potential performance-based compensation award valued at roughly $35 billion, the company said, according to Yahoo Finance. GameStop disclosed the package in January, structuring it around demanding milestones that would require Cohen to lift the retailer's market value more than tenfold and sharply increase its profit. Cohen said he declined the award so that GameStop's leadership could focus fully on the company's operating performance and its planned acquisition.

That acquisition centers on Cohen's bid to take over eBay. GameStop made an unsolicited offer worth roughly $56 billion in cash and stock in May, aiming to build the e-commerce platform into a stronger rival to Amazon, but eBay's board rejected the proposal as "neither credible nor attractive." With GameStop's own market value near $10 billion against a target several times larger, questions over financing remain. The company said it would release additional materials on the proposed deal this week, including a detailed strategic rationale and operational plan for the combined business.