eBay Tells Gamestop To Get Lost Over $56 Billion Buyout Offer

by Jay Cochran
May 13, 2026
Last week we told you how Gamestop CEO Ryan Cohen made an offer to buy eBay for $56 billion dollars which translated to a $125 per share in a cash-and-stock deal. After making the offer Cohen then went on CNBC where he seemed to struggle in explaining how exactly he planned on raising the full $56 billion amount. The CNBC folks kept saying the numbers didn't add up and Cohen didn't seem to have any real response to that. You can see the entire interview here:



eBay this week responded to the unsolicited Gamestop offer with the following statement:

“The Board, with the support of its independent advisors, has thoroughly reviewed your proposal and has determined to reject it. We have concluded that your proposal is neither credible nor attractive.”

Gamestop has not yet responded to the rejection of their offer to buy eBay at this time.
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Comments...

Last 10 comments - ( Read All Posts )
Jscott991 - 2026-05-09 @ 4:47 pm
On 5/5/2026 at 5:14 PM, Admiralty_Entertainment said:

The thing is here in NZ our eBay equivalent has a thing that automatically extends the auction every time there's a bid in the last 20 seconds or so. I'm endlessly fascinated that eBay never stole that idea since it would end sniping, increase seller's final prices and net themselves better success fees...

That's how fantasy sports auction drafts work.

Admiralty_Entertainment - 2026-05-05 @ 9:14 pm
6 hours ago, Cxb452 said:

Eh, those snipers are just bots.

The thing is here in NZ our eBay equivalent has a thing that automatically extends the auction every time there's a bid in the last 20 seconds or so. I'm endlessly fascinated that eBay never stole that idea since it would end sniping, increase seller's final prices and net themselves better success fees...

Jscott991 - 2026-05-05 @ 7:09 pm
26 minutes ago, ucsf said:

Maybe it's time to find the next eBay if this purchase will be approved. I don't like the work philosophy behind Gamestop.

If Gamestop does buy eBay it is unlikely it will survive in its current form. If you read elsewhere, Gamestop's vision for eBay is horrifying.

But Mercari has proven there is only room for one eBay in the world. So it's not clear what would happen if eBay slowly disintegrated or how long it would take a real competitor to pop up.

ucsf - 2026-05-05 @ 6:43 pm

Maybe it's time to find the next eBay if this purchase will be approved. I don't like the work philosophy behind Gamestop.

Cxb452 - 2026-05-05 @ 2:34 pm
13 hours ago, Admiralty_Entertainment said:

I dunno - they'll probably just snipe it at the last second...?

Eh, those snipers are just bots. I bet Gamestop would get a second chance offer.

Batfreak87 - 2026-05-05 @ 3:49 am

I just don't think it will happen. Weird company combo!

Admiralty_Entertainment - 2026-05-05 @ 12:38 am
1 hour ago, Cxb452 said:

I doubt Gamestop could afford the "Buy it Now" price let alone get eBay to accept the offer. I'm sure they won't be able to meet the reserve price anyway.

I dunno - they'll probably just snipe it at the last second...?

Cxb452 - 2026-05-04 @ 11:27 pm

I doubt Gamestop could afford the "Buy it Now" price let alone get eBay to accept the offer. I'm sure they won't be able to meet the reserve price anyway.

TheOtakuX - 2026-05-04 @ 9:32 pm

After what they did to ThinkGeek, I'd rather they not obtain any other companies.

interoceptive - 2026-05-04 @ 5:15 pm

Please no, don't ruin eBay. Ebay is still a good place for US small independent sellers and small buyers with diverse interests to connect.Ruin GameStop by trying to make it a "third party marketplace" where buyers can be tricked into buying unlicensed chinese tchotchkes from fly by night 3rd party factory sellers when they think they are buying directly from "the store" who owns "the marketplace".

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