eBay Rebuffs GameStop's $56B Unsolicited Bid as 'Neither Credible Nor Attractive'
eBay's board rejected Ryan Cohen's $125/share cash-and-stock offer, citing financing uncertainty, operational risk, and debt load. The bid values eBay above its $48B market cap; GameStop's own $10.3B cap raises feasibility questions. Cohen signals he may take the offer directly to shareholders.
eBay's board rejected GameStop CEO Ryan Cohen's unsolicited $56 billion ($125/share cash-and-stock) takeover bid as 'neither credible nor attractive,' citing financing uncertainty, operational risk, and debt load. Cohen has signaled willingness to go directly to shareholders.
Why this matters
Follows Ryan Cohen's hostile $56B takeover push at $125/share. eBay's rejection escalates a fight that could move to shareholders, even as eBay courts luxury resale growth via LV, Gucci, and Chanel in 2026.
Retail-company signals steady at 190 over the past 90 days.