General · 12 May 2026
eBay rejects GameStop’s $55.5 billion purchase offer
A major takeover for the online marketplace eBay won't now be happening after its board turned down GameStop's offer. eBay's board rejected GameStop's $55.5 billion unsolicited bid earlier this month, calling it 'neither credible nor attractive'. GameStop’s chief executive, Ryan Cohen, failed to explain the financing for the half-cash, half-stock proposal.
Reported by The Guardian · How we write briefs