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EBay rejects GameStop's $55.5 billion takeover bid, calling it "neither credible nor attractive"

www.cbsnews.com·Aimee Picchi·20 days ago
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May 12, 2026 / 8:33 AM EDT / CBS News Add CBS News on Google EBay on Tuesday said it is rejecting GameStop's $55.5 billion takeover bid, calling the offer "neither credible nor attractive." The rejection comes about a week after GameStop made its offer, with CEO Ryan Cohen arguing that the video game retailer's 1,600 locations would give eBay a "national network" for authentication, intake and fulfillment.  In a statement, eBay said it rejected the bid because of uncertainty around GameStop's acquisition financing, as well as the leverage and operational risks of combining the two companies.  GameStop, which already owns a 5% stake in eBay, offered $125 per share in cash and stock. GameStop didn't immediately respond to a request for comment. GameStop, with a market capitalization of about $10.4 billion, is much smaller than eBay, which is valued at about $48 billion.…

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