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News of the day for May 12, 2026

eBay's board cited financing uncertainty, operational risks, and concerns about GameStop's governance in turning down the unsolicited offer

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.” Ryan Cohen’s GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said at the time that its approximately 1,600 U.S. stores could become drop-off and shipping locations.

The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.

EBay has rejected a takeover bid from GameStop, describing the much smaller retail company’s proposal as “neither credible nor attractive”.

eBay stock was slightly lower after its board rejected a $56 billion takeover offer from GameStop CEO Ryan Cohen.

Online marketplace eBay has rejected an offer from GameStop to buy the company for $55.5 billion, dealing a blow to the video game retailer’s ambitions to create a rival to Amazon.

GameStop stock drops after eBay rejects the retailer's takeover bid.

GameStop stock drops after eBay rejects the retailer's takeover bid.

The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.

EBay Inc (NASDAQ:EBAY, XETRA:EBA) has rejected a $56 billion takeover approach from GameStop Corp (NYSE:GME), dismissing the proposal as lacking credibility and raising concerns over financing, governance and the risks of combining the two businesses. Shares in eBay fell 0.9% in pre-market...

Investing.com -- eBay has rejected a $56 billion takeover approach from GameStop, citing doubts over the financing of a deal that would see a company roughly one-quarter the size of its target attempt an audacious acquisition.

EBay’s board rejected GameStop’s unsolicited $56 billion takeover proposal. “We have concluded that your proposal is neither credible nor attractive,” eBay’s board wrote in a letter to GameStop CEO Ryan Cohen released today.

EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth. EBay ‌stock has been trading far below the offer price of $125 per share since the bid was made earlier this month. It fell 1% to $107 before the bell, while ​GameStop was down 4%.

Intel and Micron shares falls as investors opt to lock in profits following a breakneck rally in chip stocks.

↗️ Venture Global (VG): The liquefied-natural-gas exporter, which stands to benefit from the closure of the Strait of Hormuz, is due to report results this morning, potentially shedding light on the strength of demand.

(Bloomberg) -- GameStop Corp. shares spiked and then quickly dropped in postmarket trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the financial influencer known as “Roaring Kitty,” who became prominent during the 2021 meme-stock craze. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘

(Bloomberg) -- GameStop Corp. shares spiked and then quickly dropped in postmarket trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the financial influencer known as "Roaring Kitty," who became prominent during the 2021 meme-stock craze. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart's Media CompanyTrump Rejects New Iran Peace Offer as '

(Bloomberg) -- GameStop Corp. shares spiked and then quickly dropped in postmarket trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the financial influencer known as “Roaring Kitty,” who became prominent during the 2021 meme-stock craze. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘

Amid Ryan Cohen's theatrics and eBay suspension, Michael Burry has exited his GME stake.

GameStop’s stunning $56 billion bid for eBay may never close, but Wedbush says the move could put eBay in play for a more credible buyer.

Also: All the news and watercooler chat from Fortune.

The team discusses GameStop’s proposal to buy eBay, a rumor regarding interest from Anthropic to buy Atlassian, and lessons from a great acquirer in Berkshire Hathaway.

(Bloomberg) -- For many US companies, the hot new type of credit seems to be getting less attractive. Most Read from BloombergTrump Wants to Make H-1B Workers More Expensive for US EmployersBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsOnline Mob Fuels 6,000% Stock Rally in Obscure SpaceX RivalTrump Punts Thorniest Iran Challenges in Push to Open HormuzIran War Is Draining World’s Oil Buffer at an Unprecedented PacePrivate credit firms saw their lending volume shri

GameStop Corp. CEO Ryan Cohen claimed he was permanently banned from eBay Inc. just days after proposing a $56 billion buyout of the e-commerce giant, prompting legendary investor Michael Burry to declare the move “hostile.”However, a quick check of Cohen's...

Why GameStop is back on investor radar With no single headline event driving attention, GameStop (GME) is back in focus as investors reassess the stock after recent trading swings and long term return figures that span gains and declines. See our latest analysis for GameStop. The recent pullback, including a 4.8% one day share price decline to about $23.97 and a 3.9% 7 day share price return, comes after a 16.3% year to date share price return but a 9.4% 1 year total shareholder return loss...

GameStop's play for eBay echoes the AOL-Time Warner deal in eerie detail—and that should terrify eBay's board.

Michael Burry sold his entire GameStop stake after the company bid $55.5 billion for eBay, warning the deal's debt load kills his "Instant Berkshire" thesis.

We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. GameStop Corp. (NYSE:GME) is one of the stocks discussed by Jim Cramer. Cramer rarely discussed video game retailer GameStop Corp. (NYSE:GME). The CNBC TV host’s remarks about the firm in 2025 saw him advise viewers to invest in video […]

We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. eBay Inc. (NASDAQ:EBAY) is one of the stocks discussed by Jim Cramer. Online retailer eBay Inc. (NASDAQ:EBAY)’s shares are up by 53% over the past year and by 24% year-to-date. Citi discussed the firm on May 6th. It raised […]