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EBay rejects GameStop's $56 billion takeover bid

Bloomberg Tech·May 12, 2026 at 04:57 PM

EBay Inc. has officially rejected an unsolicited $56 billion takeover offer from GameStop Corp. CEO Ryan Cohen, deeming the proposal "neither credible nor attractive." The company's board cited significant concerns regarding the financing plan's uncertainty, potential operational risks, and GameStop's corporate governance. EBay's chairman emphasized that the bid could negatively impact the company's long-term growth trajectory and strategic objectives, leading to its firm dismissal.

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