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eBay rejects GameStop $56B takeover bid as 'neither credible nor attractive'

financeMay 12, 2026292,543

eBay’s board on Tuesday rejected GameStop CEO Ryan Cohen’s unsolicited $55.5 to $56 billion takeover proposal, calling the offer "neither credible nor attractive." eBay said the bid raised material financing uncertainty and posed strategic risks to its business and long-term plan. The proposal would have valued eBay at roughly $56 billion and sought to acquire the company outright. The rejection preserves eBay’s independence and signals the company will not accept a deal it views as financially or strategically risky.

Wario64
@wario64.bsky.social

eBay Rejects Unsolicited Proposal from GameStop. "We have concluded that your proposal is neither credible nor attractive." www.prnewswire.com/news-release...

21395h ago
Bodega, Inc.303

The worst she can say is no. What she actually says:

Bart Harley Jarvis89

Did they offer them more in store credit?

Tommynaut70

But half cash half stock??? How could they possibly reject such a solid proposal?

cass, runner shell ✨39

the whole time all I thought was "eBay has seen shoddy deals before they're not taking this one"

lazyPYRO (Josh)36

Finally a (almost) comparable offer to Microsoft trying to buy Nintendo back in '99

wiserthanwoe.bsky.social30

Gamestop's plan was/still is to take out a loan for what eBay is worth and when it's theirs they sell it for parts, run it into the ground, and then sell it off to someone else. That'd get rid of their current debt. But there's an even more nefarious wrinkle to this. It isn't a full last

Hero The Zero30

Wow who knew a dogshit company like GameStop trying to buy a company 4x their value would go over badly with the bigger company. GameStop hasn’t been relevant for nearly 10 years and has constant layoffs and store closures.

The Masked Game Counselor21

But it's half cash, half stock.

GloverAran18

The details are on our website

Reyn16

It's extra funny to me that, instead of just rejecting the offer, they also went out of their way to call it stupid and ugly.

Lazesummerstone13

Wait it was unsolicited as well? This is sadder then I was expecting.

Dulce Caffè ΘΔ13

Honestly, business-speak is a very good language for utterly dismembering people who hit you with some dumb shit

Blue10

“This is a joke, right? You’re not stupid enough to actually think we’d sell ourselves for 15 dollars and a few cents, right?”

Oahkery8

"Neither Credible Nor Attractive" Found my bar trivia team name for tonight.

Cherry7

Hell yeah suck it GameStop

PN Guinn7

Eagerly awaiting Gamestop's proposal to buy Buffalo Wild Wings.

Renegade (Riot) ✊🏾🏳️‍🌈🏳️‍⚧️♿5

Wasn't Gamescalp doing poorly not that long ago? Why would they ever think they would be able to buy anything with that looming over them and a shite offer?? I don't know if I want what they're smokin. Might mess me all the way up.

Bondforged Candylure4

Get fucking bent, GameStop. Fuck off.

José3

Gagged them a bit oop

monorail times3

Did they look at the website?

Chuck E. Cheesus2

Boy, if I had a nickel every time I heard that on a first date.

Totus Ubertas The Hoss2

its like a great dane shaking off an amorous chihuahua haha.

Justaminoraccount2

Basically: We are doing fine without you.

ODU Monarch '032

Gamestop bro is a clown, and the response puts him in his place, lol.

jlcthree.bsky.social2

You don’t say, eBay? Tell me more…

David Lovejoy2

Yes, but what if ebay gets an offer to be bought by...Allbirds????

Godspeed You! Woke Moralists2

This was always a stunt.

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