“Neither Credible Nor Attractive”: eBay Rejects GameStop’s $55B Acquisition Offer

Did eBay Reject GameStops’ Acquisiton Offer?

Yes — eBay has rejected GameStop’s “unsolicited proposal” to acquire the online marketplace in a cash-and-stock deal valued at approximately $55 billion.

“We have concluded [after a thorough review] that [GameStop’s] proposal is neither credible nor attractive,” eBay said in a recent news release.

“[Our 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.

On May 3, 2026, the video game retailer offered to purchase all outstanding shares of eBay at $125 per share — “comprising 50% cash and 50% GameStop common stock, with full shareholder election rights as to consideration type and pro-rata allocation.”

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.