"Neither Credible Nor Attractive" eBay Rejects GameStop Acquisition Bid

eBay rejected GameStop’s unsolicited $56 billion takeover offer.

The board said the bid was neither credible nor attractive, citing doubts about valuation, financing, and deal logic.

GameStop had offered $125 per share to buy eBay outright, but the plan raised skepticism about whether the acquisition could be funded.

The announcement briefly moved both companies’ shares, highlighting the market impact of the proposed deal.