eBay rejects GameStop’s $56 billion acquisition bid

A Gamestop store is seen in the Barton Creek Square mall on May 04, 2026 in Austin, Texas. No thank you, we’re good. | Photo by Brandon Bell/Getty Images

eBay has officially rejected GameStop's offer to buy the online marketplace for $56 billion, citing concerns around "operational risks" and how the acquisition will be financed. In a letter to GameStop CEO Ryan Cohen on Tuesday, eBay's board of directors said it has "concluded that your proposal is neither credible nor attractive."

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