GameStop operates a retail chain specializing in video games, consoles, and accessories.
Cohen is committing $500M of personal capital to acquire eBay for $56B, targeting $2B in cost takeouts within year one, leveraging GameStop's 1,600 stores as authentication/fulfillment nodes for live commerce ($1T market) and building an in-game digital marketplace, arguing the combined entity can generate $5.5B+ EBITDA vs eBay's standalone $3.5B consensus.