{"id":5028,"date":"2026-05-12T16:13:29","date_gmt":"2026-05-12T16:13:29","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=5028"},"modified":"2026-05-12T16:13:29","modified_gmt":"2026-05-12T16:13:29","slug":"online-seller-ebay-rejects-gamestops-56-billion-takeover-offer","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=5028","title":{"rendered":"Online seller eBay rejects GameStop\u2019s $56 billion takeover offer"},"content":{"rendered":"
\n

By MICHELLE CHAPMAN, AP Business Writer<\/strong><\/p>\n

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal \u201cneither credible or attractive.\u201d<\/p>\n

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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.<\/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 beginning in February and currently has a 5% stake.<\/p>\n

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In a letter from eBay Chairman Paul Pressler sent to Cohen, eBay\u2019s board said that it had completed its review of GameStop\u2019s 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\u2019s stock fell 4% before the market open on Tuesday.<\/p>\n

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\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

EBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal \u201cneither credible or attractive.\u201d<\/p>\n","protected":false},"author":1,"featured_media":5027,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,2],"tags":[],"class_list":["post-5028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-facts","category-news"],"yoast_head":"\nOnline seller eBay rejects GameStop\u2019s $56 billion takeover offer - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=5028\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Online seller eBay rejects GameStop\u2019s $56 billion takeover offer - 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