eBay has rejected a $55.5 billion takeover bid from Ryan Cohen, saying the proposal lacked credibility and was not attractive to shareholders.
Breaking: EBay has rejected GameStop’s unsolicited $56 billion takeover proposal https://t.co/zLjxshuoy3
— The Wall Street Journal (@WSJ) May 12, 2026
According to a letter from eBay’s chairman, the company cited concerns over financing uncertainty, operational risks, governance issues, and the long-term profitability of a combined business with GameStop.
The report said eBay also believes its independent growth prospects remain stronger than the proposed merger.
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