GRAPEVINE, Texas — Shares of GameStop Corp. rose modestly Monday after a report indicated that chief executive Ryan Cohen is considering walking away from the video game retailer's roughly $56 billion takeover bid for eBay, opting instead for a smaller commercial partnership with the online marketplace.

The stock traded at $19.36 as of 10:32 a.m. Eastern time, up 22 cents, or 1.15%, after climbing as much as 2.5% in premarket trading. The move followed a Bloomberg report saying Cohen is weighing withdrawing GameStop's full acquisition offer for eBay in favor of a commercial partnership or joint venture that would let eBay make use of GameStop's approximately 1,600 U.S. retail locations to expand into higher-margin categories such as trading cards and collectibles.

GameStop had originally made its offer for eBay in May, proposing to acquire the online marketplace for $125 per share in a mix of cash and GameStop stock, a deal that would have valued eBay at roughly $56 billion. eBay has not accepted the offer, and the proposed acquisition has remained unresolved for months, contributing to ongoing uncertainty around GameStop's broader corporate strategy under Cohen's leadership.

Monday's gain marks a partial rebound from a difficult stretch for GameStop shares. Just a week earlier, the stock fell sharply after the company announced plans to exchange $1.4 billion in convertible notes for........

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