eBay rejects $55.5bn offer from GameStop
Summary
eBay has rejected a $55.5 billion takeover offer from GameStop, calling the bid unsolicited and not credible. eBay's board cited concerns about financing, operational risks, and leadership as reasons for rejecting the deal.Key Facts
- GameStop offered $55.5 billion to buy eBay.
- eBay's board called the offer "unsolicited" and not attractive.
- GameStop is much smaller than eBay and is worth about a quarter of eBay’s value.
- GameStop planned to use $20 billion in debt financing for the offer.
- eBay’s board was worried about how the deal would affect long-term growth and profitability.
- eBay’s net profit rose to $418.4 million in 2025, despite a fall in sales.
- GameStop’s CEO, Ryan Cohen, said the offer could be taken to eBay shareholders if the board opposes it.
- Analysts noted GameStop’s debt could be a problem for eBay if the deal went through.
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