Ryan Cohen makes a longshot run at eBay. Analysts see little chance GameStop can pull it off

Analysts are throwing cold water on the idea of GameStop acquiring eBay , citing a lack of functional overlap between the two businesses and only superficial financial benefits that they say are unlikely to win approval from eBay's board. Strong recent performance by eBay — shares are up 26% this year — along with the fact that it's a much larger company than its proposed acquirer, are also factors working against the viability of the deal, multiple Wall Street firms said. "There seems to be a lack of meaningful synergies between the two entities in our opinion," Youssef Squali of Truist Securities wrote in a Sunday note to investors. "Rather than drive enhanced proposed profitability through revenue growth and synergies, all of the expected EPS improvements would be coming from cost cuts to [sales and marketing, product and development, and general and administrative]." EBAY YTD mountain eBay shares in 2026 Analysts with Bernstein noted some operating overlap across games, toys and collectibles, but said the difference in scale between the companies would make it hard for the commonalities to be a source of real gains. "EBAY operates at a far bigger scale with a more diversified business," Nikhil Devnani and colleagues wrote for Bernstein. …