Ebay rebuffs GameStop's $56bn bid as 'neither credible nor attractive'
Ebay's board rejected GameStop's $125/share takeover offer, citing shaky $20bn debt financing. Ryan Cohen, who holds a 5% stake, is weighing a direct shareholder pitch framing GameStop's 600 US stores as an omni-channel weapon against Amazon. Polymarket gives the deal just 13% odds.
Ebay rejected GameStop's $56bn takeover bid as 'neither credible nor attractive,' citing financing concerns. Ryan Cohen, holding 5% of Ebay, may approach shareholders directly, pitching GameStop's 600 stores as a physical network to challenge Amazon.
Why this matters
Ebay rebuffing a $56bn GameStop bid backed by Ryan Cohen marks a rare hostile-deal moment in retail M&A, testing whether physical store networks can credibly bolster e-commerce platforms against Amazon.
Retail-company signals steady at 195 over the last 90 days.