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Tue, 12 May 2026

Tue, 12 May 2026 eBay rejects $55.5bn offer from GameStop

The online auction giant said it doubted how the video game retailer would finance its offer.

* eBay has rejected GameStop's $55.5bn takeover offer, calling it "unsolicited" and "neither credible nor attractive".
* The board cited concerns over financing, growth, profitability, operational risks, leadership structure, and governance.
* GameStop's CEO Ryan Cohen had said he would take the proposal directly to shareholders if rejected by the board.
* eBay has seen a recent turnaround in fortunes, with its net profit rising to $418.4m in 2025 despite a fall in sales.
* GameStop is worth about a quarter of eBay's value and has around 1,600 stores globally.
* Analysts had questioned the viability of the deal due to GameStop's debt and concerns over how it would be financed.
* eBay sees itself as a "strong, resilient business" with a successful turnaround plan in place.