June 26 (Reuters) – GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.
GameStop CEO Ryan Cohen had surprised Wall Street with the offer to buy eBay in May to turn it into a bigger competitor to Amazon.
GameStop also expects to generate adjusted earnings before interest, taxes, depreciation and amortization of more than $600 million in fiscal 2026, compared with $345.4 million reported in fiscal 2025, it said in a regulatory filing.
Shares of the company rose more than 2% in extended trading.
GameStop said earlier this week that Cohen would not receive a potential performance award from the company, adding that he planned to unveil more details about his bid to take over eBay.
(Reporting by Jaspreet Singh in Bengaluru and Svea Herbst-Bayliss in New York; Editing by Anil D’Silva)
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