One of the largest acquisitions in the gaming industry has fallen through. GameStop changed its mind about buying eBay - Media

GameStop is abandoning the idea of a full acquisition of eBay for $56 billion amid a nearly one-third drop in its own shares, instead considering a business partnership.

One of the largest acquisitions in the industry is under threat. According to sources close to the situation, GameStop, led by Ryan Cohen, is abandoning the idea of buying eBay for $56 billion. Instead of a full merger, the company is considering a business partnership or creating a joint venture.

The reason for this was changes in the stock market. After the May offer of $125 per share, GameStop's capitalization fell by almost a third, while eBay's shares significantly increased. The deal, half paid in cash and half in shares, became increasingly difficult and raised concerns due to a possible increase in debt.

The new option involves using GameStop's network of approximately 1,600 stores in the US. The companies will be able to increase their share in the profitable markets of collectibles and trading cards. GameStop, which owns almost 10% of eBay's shares, also wants a seat on the board of directors.

There is no final decision yet.