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eBay rejects GameStop’s $56 billion takeover offer

Nypost · · 224 words · By Associated Press
open_in_new Read the original article: https://nypost.com/2026/05/12/business/ebay-rejects-gamestops-56-billion-takeove…

fact_checkFact-Check Results

9 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 7
info Single Source 2
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“Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop”
CORROBORATED
Multiple independent news sources (Nbcwashington, Flipboard) report that eBay rejected a $56 billion unsolicited takeover offer from GameStop.
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wikipedia NEUTRAL — In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losse…
https://en.wikipedia.org/wiki/GameStop_short_squeeze
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wikipedia NEUTRAL — Keith Patrick Gill (born June 8, 1986) is an American financial marketer, educator, and individual investor known for his posts on the subreddits r/wallstreetbets and r/SuperStonk. His analyses of Gam…
https://en.wikipedia.org/wiki/Keith_Gill
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wikipedia NEUTRAL — GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer, headquartered in Grapevine, Texas (a suburb of Dallas–Fort Worth). The brand is the largest video game …
https://en.wikipedia.org/wiki/GameStop
+ 3 more evidence sources
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“Ryan Cohen’s GameStop disclosed earlier this month that it was pursuing a takeover of eBay”
CORROBORATED
Multiple web search results (SSBCrack News, Fortune/Nexus Insight, and others) confirm that GameStop, led by Ryan Cohen, pursued a takeover of eBay.
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web search NEUTRAL — GameStop’s CEO Ryan Cohen Baffles Fans With eBay Bid.Some new color on TD Bank’s “highly confident” letter: It says its confidence rests partly on the assumption the combined company would be investme…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — Shares of eBay are experiencing a significant surge before the market opens on Monday, driven by news that GameStop, led by Ryan Cohen, is pursuing an ambitious takeover of the company valued at appro…
https://news.ssbcrack.com/gamestop-pursues-56-billion-takeov…
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web search NEUTRAL — The GameStop eBay takeover looks less like a deal and more like a pump in a press release. On Sunday, Ryan Cohen offered $125 per share for eBay, valuing the company at $55.5 billion. GameStop is wort…
https://www.curseandcoffee.com/p/gamestop-ebay-takeover-cohe…
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“The national gaming retailer said at the time that its approximately 1,600 U.S. stores could become drop-off and shipping locations.”
CORROBORATED
Multiple sources, including CNBC and Flipboard, confirm GameStop has approximately 1,600 U.S. stores.
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wikipedia NEUTRAL — Stop the Music is a prime time radio game show that aired on ABC Radio on Sundays, from March 21, 1948 to August 10, 1952. Stop the Music crossed over to ABC television on Thursdays, beginning on May …
https://en.wikipedia.org/wiki/Stop_the_Music_(American_game_…
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wikipedia NEUTRAL — GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer, headquartered in Grapevine, Texas (a suburb of Dallas–Fort Worth). The brand is the largest video game …
https://en.wikipedia.org/wiki/GameStop
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wikipedia NEUTRAL — In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losse…
https://en.wikipedia.org/wiki/GameStop_short_squeeze
+ 5 more evidence sources
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“One proposal included live sales broadcasts from GameStop locations featuring eBay products.”
SINGLE SOURCE
While search results confirm the takeover bid exists, none of the provided evidence specifically mentions the detail about 'live sales broadcasts from GameStop locations featuring eBay products'.
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web search NEUTRAL — GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer, [1] headquartered in Grapevine, Texas (a suburb of Dallas–Fort Worth). The brand is the largest video g…
https://en.m.wikipedia.org/wiki/GameStop
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web search NEUTRAL — Shop GameStop, the world's largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles & accessories. Shop a wide selection of gamer-centric apparel, co…
https://www.gamestop.com/
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web search NEUTRAL — 4 hours ago · EBay's board rejected GameStop's $56 billion takeover bid, calling the unsolicited offer "neither credible nor attractive." GameStop CEO Ryan Cohen made an audacious bid for the online m…
https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeo…
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“GameStop’s bid is worth $125 per share in cash and stock.”
CORROBORATED
Multiple sources (The Guardian, and specific proposal reports in web search) confirm the bid was $125 per share in cash and stock.
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wikipedia NEUTRAL — GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer, headquartered in Grapevine, Texas (a suburb of Dallas–Fort Worth). The brand is the largest video game …
https://en.wikipedia.org/wiki/GameStop
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wikipedia NEUTRAL — Ryan Cohen (born 1986) is a Canadian billionaire businessman and activist investor. He founded e-commerce company Chewy in 2011, and was the company's chief executive officer (CEO) until 2018. Cohen i…
https://en.wikipedia.org/wiki/Ryan_Cohen
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wikipedia NEUTRAL — In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losse…
https://en.wikipedia.org/wiki/GameStop_short_squeeze
+ 3 more evidence sources
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“The equity value of the proposed deal is $55 billion on paper.”
CORROBORATED
Multiple sources (Nbcwashington, LinkedIn/Brian Womack, New York Times) report the equity value of the deal as approximately $55 billion to $55.5 billion.
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wikipedia NEUTRAL — Ryan Cohen (born 1986) is a Canadian billionaire businessman and activist investor. He founded e-commerce company Chewy in 2011, and was the company's chief executive officer (CEO) until 2018. Cohen i…
https://en.wikipedia.org/wiki/Ryan_Cohen
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wikipedia NEUTRAL — In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losse…
https://en.wikipedia.org/wiki/GameStop_short_squeeze
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wikipedia NEUTRAL — GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer, headquartered in Grapevine, Texas (a suburb of Dallas–Fort Worth). The brand is the largest video game …
https://en.wikipedia.org/wiki/GameStop
+ 4 more evidence sources
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“The company previously said that it started accumulating shares in eBay beginning in February and currently has a 5% stake.”
CORROBORATED
Corroborated by Nbcwashington, Fortune, and The Guardian, stating GameStop accumulated a 5% stake in eBay starting in February.
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web search NEUTRAL — GameStop had already secretly purchased 5% of eBay shares earlier than the announcement, beginning on February 4th. Measured from that date, it’s providing a towering premium of 46%. These purchases d…
https://nexusinsightmedia.com/business/why-gamestops-bid-for…
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web search NEUTRAL — GameStop has built up a stake of 5% in eBay and is offering to acquire the company at $125 a share. Photograph: Kacper Pempel/Reuters.
https://www.theguardian.com/business/2026/may/12/gamestop-bi…
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web search NEUTRAL — At eBay’s share count, that works out to a ~$55.5 billion equity purchase price.The offer represents a 27% premium to the 30-day VWAP and a 46% premium to the unaffected closing price on February 4, 2…
https://www.junkbondinvestor.com/p/can-gamestop-gme-actually…
+ 1 more evidence source
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“In a letter from eBay Chairman Paul Pressler sent to Cohen, eBay’s board said that it had completed its review of GameStop’s offer”
CORROBORATED
Reported by Nbcwashington and other web search results that eBay Chairman Paul Pressler sent a letter to Cohen regarding the board's review of the offer.
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web search NEUTRAL — eBay office in Toronto, Canada eBay Inc. (/ ˈiːbeɪ / EE-bay, styled as ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via r…
https://en.wikipedia.org/wiki/EBay
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web search NEUTRAL — Discover eBay, the ultimate online marketplace for buying and selling electronics, cars, clothes, collectibles, and more with top brands and great deals.
https://www.ebay.com/
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web search NEUTRAL — With the eBay mobile app, buy and sell millions of items on the go. Discover exclusive deals every day in our online marketplace. Never miss a deal Online shopping and selling in the eBay app is simpl…
https://play.google.com/store/apps/details?id=com.ebay.mobil…
+ 1 more evidence source
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“The company’s stock fell 4% before the market open on Tuesday.”
SINGLE SOURCE
Only Nbcwashington reports the specific 4% drop before the market open on Tuesday. Other stock-related search results discuss different percentages or different days.
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web search NEUTRAL — to buy at that price, and the ask size is the number of shares offered for sale at that price. The data displayed in the quote bar updates every 3 seconds; allowing you to monitor prices in real-time.
https://www.nasdaq.com/market-activity/stocks/gme
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web search NEUTRAL — GME | Complete GameStop Corp. Cl A stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
https://www.marketwatch.com/investing/stock/gme
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web search NEUTRAL — These days, watching GameStop has an almost theatrical quality. On the surface, Friday’s closing price of $23.97, down almost five percent, is just another red day on a chart that has seen a lot.
https://www.abcmoney.co.uk/2026/05/gamestop-stock-plunges-10…
+ 1 more evidence source
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.