NYTIMES (Lauren Hirsch) - EBay Rejects GameStop’s $55 Billion Takeover Bid
The online marketplace eBay called the cash-and-stock proposal “neither credible nor attractive.”
The online marketplace eBay called the cash-and-stock proposal “neither credible nor attractive.”
The online marketplace called the cash-and-stock proposal “neither credible nor attractive.”
Plus: The Met Gala, GameStop, Canada and Banksy (again!).
| Channel | t.me/News_Wire2 |
| Source | https://www.npr.org/2026/05/08/g-s1-120810/met-gala-fbi-lord-flies-banksy-gamestop |
| Keywords | kash-patelnprmet-galagamestopbanksycanadapoliticsentertainmentquizus-news |
Investors questioned Ryan Cohen’s latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares.
'I'm selling stuff on eBay to pay for eBay'
GameStop locations would potentially become drop-off and shipping locations for eBay products.
'Half cash, half stock'
GameStop has made an unsolicited $55.5 billion bid for eBay, aiming to expand its operations in the e-commerce space after the company saw skyrocketing stock growth in recent years due to its "meme stock" status.
GameStop has made an unsolicited $55.5 billion bid for eBay, aiming to expand its operations in the e-commerce space after the company saw skyrocketing stock growth in recent years due to its “meme stock” status. PULSE POINTS WHAT HAPPENED: GameStop has made an unsolicited $55.5 billion offer to purchase eBay, valuing the e-commerce giant at $125 per share. The proposal includes cash and stock, with a commitment to achieve $2 billion in cost savings within a year if the deal is completed. DETAIL: GameStop’s CEO Ryan Cohen stated he is willing to take the bid directly to eBay shareholders if the board rejects the offer. Cohen also pledged to forgo traditional executive compensation, opting instead for performance-based pay. The…Open
It's making an unsolicited offer to buy the U.S. online marketplace.
Analysts question the feasibility of this long-shot bid by the video game retailer to acquire the much larger online marketplace.