US Top News and Analysis | EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive'
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eBay’s board rejected GameStop CEO Ryan Cohen’s unsolicited $56 billion, $125‑per‑share cash‑and‑stock takeover proposal, calling it “neither credible nor attractive.” eBay cited uncertainty over GameStop’s financing, operational risks and the debt the deal would create, noting that while Cohen said he had secured a $20 billion commitment from TD Securities and $9 billion in cash, a significant funding gap remained. Analysts also questioned the lack of clear synergies between the two companies. Cohen pledged to run eBay more efficiently—cutting headcount, reducing marketing spend, and using GameStop’s 1,600 U.S. stores for order fulfillment and live‑commerce hubs—but eBay reaffirmed confidence in its current management, citing a successful turnaround that has already lifted its shares about 24 % this year.
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https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeover-ryan-cohen.html
#EBay #GameStop #RyanCohen #PaulPressler #JamieIannone #TDSecurities #CNBC #SquawkBox #
