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Al Jazeera – Breaking News, World News and Video from Al Jazeera | EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’ AI generated summary, Read the full article for complete information. eBay has turned down GameStop’s $56 billion takeover proposal, calling it “neither credible nor attractive” and citing doubts over financing, potential impacts on eBay’s long‑term growth and the leadership structure of a combined firm. The bid, put forward by GameStop CEO Ryan Cohen—who owns a 5 % stake in eBay—relied on a $20 billion debt commitment from TD Bank and combined cash and stock payments, but analysts questioned whether the financing would hold up, especially given Moody’s view that the deal would be credit‑negative for eBay. eBay’s chairman Paul Pressler emphasized that under CEO Jamie Iannone the company’s turnaround has already delivered strong performance, with a 201 % stock gain in six years and a 31 % EBITDA margin, far outpacing GameStop’s 10 % margin. While Cohen argues that merging the two could generate cost synergies and leverage GameStop’s physical store network to better rival Amazon, investors remain skeptical, and the offer has already prompted some GameStop shareholders, such as Michael Burry, to sell their stakes. Read more: https://www.aljazeera.com/economy/2026/5/12/ebay-rejects-gamestops-56bn-bid-as-neither-credible-nor-attractive?traffic_source=rss #PaulPressler #JamieIannone #RyanCohen #MichaelBurry #EBay #GameStop #TDBank #Moodys #Amazon #

The Guardian | GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’ by Joanna Partridge AI generated summary, Read the full article for complete information. eBay’s board has turned down GameStop’s unsolicited $55.5 billion offer to buy the online marketplace, calling the proposal “neither credible nor attractive” and citing uncertainty over how GameStop would finance the deal, its borrowing levels, and the operational risks of merging the two companies. GameStop, which has accumulated a 5 % stake in eBay, proposed a price of $125 per share funded by about $9.4 billion of cash and roughly $20 billion of debt financing, leaving a shortfall of around $16 billion relative to its own market value of roughly $12 billion and eBay’s $46 billion valuation. CEO Ryan Cohen, who has been linked to GameStop since 2020, was unable to explain the financing during a CNBC interview and hinted at a possible hostile bid if the board remains unreceptive. The rejection comes amid GameStop’s recent store closures, its meme‑stock legacy, and eBay’s own strategic moves, including a pending $1.2 billion acquisition of the fashion resale app Depop. Read more: https://www.theguardian.com/business/2026/may/12/gamestop-bid-for-ebay-rejected-as-neither-credible-nor-attractive #GameStop #EBay #PaulPressler #RyanCohen #Amazon #Depop #Etsy #CNBC #business #e_commerce #mergersandacquisitions #retailindustry

US Top News and Analysis | EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive' AI generated summary, Read the full article for complete information. eBay’s board rejected GameStop CEO Ryan Cohen’s unsolicited $56 billion, $125‑per‑share cash‑and‑stock takeover proposal, calling it “neither credible nor attractive.” eBay cited uncertainty over GameStop’s financing, operational risks and the debt the deal would create, noting that while Cohen said he had secured a $20 billion commitment from TD Securities and $9 billion in cash, a significant funding gap remained. Analysts also questioned the lack of clear synergies between the two companies. Cohen pledged to run eBay more efficiently—cutting headcount, reducing marketing spend, and using GameStop’s 1,600 U.S. stores for order fulfillment and live‑commerce hubs—but eBay reaffirmed confidence in its current management, citing a successful turnaround that has already lifted its shares about 24 % this year. Read more: https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeover-ryan-cohen.html #EBay #GameStop #RyanCohen #PaulPressler #JamieIannone #TDSecurities #CNBC #SquawkBox #