eBay rejects GameStop's $56B offer: 'Your proposal is neither credible nor attractive'

eBay rejected GameStop's unsolicited $56 billion takeover bid, with eBay's board declaring the offer "neither credible nor attractive." The proposal called for purchasing eBay shares at $125 apiece with half the consideration in cash and half in GameStop shares. eBay's chairman cited doubts about financing viability, concerns about long-term growth and profitability, debt burdens, and questions about GameStop's governance structure as reasons for rejection.

Source: Ars Technica | 2026-05-12