GameStop CEO: Will Not Give Up on Acquiring eBay, Aims to Build a Trillion-Dollar Company

Golden Ten Data, July 17 — GameStop CEO Cohen stated that despite eBay rejecting its $56 billion acquisition proposal, he will not abandon the plan. “One way or another, we will take eBay.” He declined to comment on whether he plans to increase the acquisition offer. Cohen said his goal is to turn the merged companies into a $1 trillion enterprise. He criticized eBay management for being overly complacent and outlined plans to leverage eBay’s platform infrastructure to build a digital marketplace for video game virtual goods — a sector that is becoming an increasingly important source of revenue for the gaming industry.