eBay Rejects GameStop’s $56 Billion Takeover as ‘Not Credible’
On May 12, 2026, eBay Inc. formally rejected an unsolicited $56 billion takeover proposal from GameStop Corp. chief executive Ryan Cohen, saying the bid was “neither credible nor attractive.” Chairman Paul Pressler communicated the board’s decision in a letter to Cohen, cited in a Bloomberg report, and pointed to doubts about the financing plan, operational … Read more