GameStop

Walmart-backed gaming site lays off editorial team

Restart.run, a gaming news site launched in December 2024 by agency Moonrock with disclosed funding from Walmart, laid off its entire editorial team in mid‑August 2026 (reported by editor‑in‑chief Brandy Berthelson via social posts around August 12–13). The exact number affected is unclear: the site's staff page lists ten names but appears to include freelancers. Restart used partner‑tracking purchase links that point to Walmart’s e‑commerce site and says those links provide 0% commission while enabling referral tracking. Walmart and Moonrock did not respond to requests for comment. The companies have not confirmed whether the cuts were due to underperformance, a funding withdrawal, or other reasons; industry observers cited broader pressures on games journalism, including AI‑driven search changes and publishers’ direct‑to‑consumer strategies.

GameStop May Drop eBay Takeover, Seeks Cooperation

GameStop is reportedly weighing withdrawing its roughly $56 billion takeover bid for eBay and instead seeking a partnership or joint venture, according to Bloomberg and Reuters. CEO Ryan Cohen, who built a roughly 9.8% stake (about 43.4 million shares), may abandon the $125-per-share offer and pursue collaborative arrangements that could have eBay leverage GameStop’s ~1,600 U.S. stores for authentication, fulfillment or local handoffs for collectibles, while granting GameStop board representation. The potential shift is supported by GameStop’s stronger 2025 financial position — about $3.63 billion in revenue, $1.06 billion from Collectibles, and roughly $9 billion in cash and marketable securities. Reports also said the original proposal included a non-binding $20 billion financing commitment. No final decision has been announced.

GameStop Discloses Nearly 10% eBay Stake

Regulatory filings in mid‑July 2026 show GameStop has increased its stake in eBay to roughly 9.8%, holding just over 43 million shares (worth about $5 billion). About 3.5 million shares were bought June 8–15 for $381 million and roughly 39 million were settled last week from put/call pairs. The stake follows GameStop’s unsolicited $56 billion takeover bid — rejected by eBay as “neither credible nor attractive” — and comes amid CEO Ryan Cohen’s push to combine the companies, including plans to use GameStop stores as nodes for eBay’s marketplace and live‑commerce offerings. Cohen has signaled commitment by dropping a performance pay package and pledging about $500 million toward a proposed $20 billion financing package arranged with TD Securities that is conditional on an investment‑grade rating; Wall Street has expressed skepticism.