GRAPEVINE (AP) – Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal \u201cneither credible or attractive.\u201d<\/p>\n
Ryan Cohen\u2019s<\/a> GameStop disclosed earlier this month that it was pursuing<\/a> a takeover of eBay, seeing it as a vehicle to compete with online retail giant Amazon.<\/p>\n The national gaming retailer said at the time that its approximately 1,600 U.S. stores could become drop-off and shipping locations. One proposal included live sales broadcasts from GameStop locations featuring eBay products.<\/p>\n GameStop\u2019s bid is worth $125 per share in cash and stock. The equity value of the proposed deal is $55 billion on paper. The company previously said that it started accumulating shares in eBay<\/a> beginning in February and currently has a 5% stake.<\/p>\n In a letter from eBay Chairman Paul Pressler sent to Cohen, eBay’s board said that it had completed its review of GameStop’s offer and believes that eBay is a \u201cstrong, resilient business.\u201d<\/p>\n \u201cWith its differentiated global marketplace and a clear strategy, eBay\u2019s board is confident that the company, under its current management team, is well-positioned to continue to drive sustainable growth, execute with discipline, and deliver long-term value for our shareholders,\u201d the letter said.<\/p>\n GameStop did not immediately respond to a request for comment. The company’s stock fell 4% before the market open on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":" GRAPEVINE (AP) – Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal \u201cneither credible or attractive.\u201d Ryan Cohen\u2019s GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said … Continue reading Online seller eBay rejects GameStop’s $56 billion takeover offer<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2851],"tags":[],"class_list":["post-1505916","post","type-post","status-publish","format-standard","hentry","category-state-news-archive"],"publishpress_future_action":{"enabled":false,"date":"2026-06-29 08:50:26","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1505916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1505916"}],"version-history":[{"count":4,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1505916\/revisions"}],"predecessor-version":[{"id":1506483,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1505916\/revisions\/1506483"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1505916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1505916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1505916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}