eBay declines GameStop’s US$55.5 billion takeover bid

Featured image of the article eBay declines GameStop’s US$55.5 billion takeover bid
On May 12, 2026, eBay’s board of directors rejected GameStop’s unsolicited acquisition offer, deeming it neither “credible” nor “attractive”. However, GameStop’s C.E.O. said he would do “everything necessary” to acquire the marketplace.
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For now, the answer is no. Following GameStop’s offer to takeover eBay in a US$55-billion deal, announced on May 3, 2026 (half in cash, half in shares), representing a 20% premium to the latest share price, eBay raised an array of concerns. These relate to “the uncertain financing structure” of the deal and “the impact of the proposal on eBay’s long-term growth and profitability”. In response, GameStop’s C.E.O., Ryan Cohen, said he would do “whatever we need to do” to acquire the company, sugge

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