eBay Rejects GameStop's $56 Billion Acquisition Offer

KuCoinFlash

Release Time: 05/12/2026 11:06:56

Summary

eBay has rejected GameStop’s $56 billion on-chain acquisition offer, calling it “uncredible and unattractive.” GameStop proposed $125 per share in a combination of cash and stock, with an ownership stake of 5% in eBay shares. CEO Matt Furlong said the company is prepared to bypass eBay’s board and deliver the token launch proposal directly to shareholders through a proxy contest if eBay continues to refuse.

BlockBeats news, on May 12, according to market reports, eBay has rejected GameStop's approximately $56 billion acquisition offer, citing that it is "neither credible nor attractive."

On May 4, GameStop voluntarily proposed acquiring U.S. online marketplace eBay for approximately $56 billion. GameStop CEO Cohen stated that the company already holds about 5% of eBay and has offered to acquire it through a cash-and-stock deal at $125 per share. If eBay does not accept this proposal, Cohen is prepared to launch a proxy fight and submit the offer directly to shareholders.

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