Ebay rejected the discounted and unprofitable GameStop deal to purchase for $56 billion

eBay declined GameStop’s acquisition offer

What happened – Offer: American retailer Game Stop proposed to buy eBay for $56 billion.

- eBay’s response: the board rejected the deal, deeming it “untrustworthy and unattractive.”

Why they refused
Reason | Brief explanation
--- | ---
Operational risks | eBay fears integration challenges and managing a new structure.
Deal financing | Game Stop raised up to $20 billion in loans but did not disclose the source of remaining funds.
Letter to the board | In a letter to Game Stop CEO Ryan Cohen, eBay emphasized:
- Business stability – over recent years the company has achieved significant results and strengthened its market position.
- Strategic clarity – management is focused on growing the marketplace, improving seller service quality, and returning capital to shareholders.
- Confidence in the future – with its existing global platform, eBay believes the current team can deliver sustainable growth and long‑term value for investors.

GameStop comment | Game Stop said it raised up to $20 billion in loans but did not specify where the remaining funds would come from.

Conclusion | eBay officially declined the deal, noting no negotiations had taken place and that GameStop’s proposal was unexpected. The company continues to pursue its growth strategy and preserve shareholder value.