Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeRetail & MarketingE-Commerce SolutionsGameStop CEO Ryan Cohen is ‘coming for eBay one way or another’Critics questioned GameStop’s ability to purchase the much larger eBay, even with a 'highly confident letter' from a bankAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.GameStop locations could serve as hubs for authenticating trading cards, such as for Pokemon or sports — a rapidly growing business eBay has long been involved in, Cohen said. Photo by Brandon Bell/Getty ImagesGameStop Corp. chief executive Ryan Cohen declined to say if he planned to raise his US$56 billion offer for online auctioneer eBay Inc., but said “we’re coming for eBay one way or another.”Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorIn an interview with Bloomberg TV on Thursday, Cohen said he hopes to turn the combined company into a US$1 trillion business.Painting eBay’s management as complacent, Cohen said he’d use “Ebay’s rails” to build out a digital marketplace for video game items — an increasingly popular revenue model in the industry. He also sees strong synergies in the two companies’ collectables businesses — which, for GameStop, makes up about 42 per cent of revenue.GameStop locations could serve as hubs for authenticating trading cards, such as for Pokemon or sports — a rapidly growing business eBay has long been involved in, Cohen said. “Once these businesses are together, we’ve got 1,600 nodes,” for authenticating cards that are “within a 15 minute drive of maybe 80 per cent of the population.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againEBay rejected Cohen’s proposal earlier this year. Through a spokesperson, the company declined to comment on Cohen’s comments.Critics have questioned GameStop’s ability to purchase the much larger eBay, even with a “highly confident letter” from a bank. Investors have raised concerns about the amount of debt GameStop would have to take on to fund a deal. However, since the bid was announced in May, Cohen said he’s seen interest from lots of investors. “The pro forma company is going to be investment grade,” he said. Earlier this month, GameStop shareholders approved a massive increase in its authorized share count in anticipation of purchasing eBay.When pressed on additional details of his offer, Cohen didn’t elaborate, other than to say he’d eventually take the plan directly to shareholders. On whether that would include a higher offer, he said: “I’m not going to negotiate against myself.” Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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