eBay rejects GameStop’s $56 billion acquisition bid

May 12, 2026 Jess Weatherbed

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."

"We have taken into account such factors as 1) eBay's standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the impact of your proposal on eBay's long-term growth and profitability, 4) the leverage, operational risks, and leadership structure of a combined entity, 5) the resulting implic …

Read the full story at The Verge.

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