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news Al Jazeera 2026-05-12

EBay Rejects GameStop's $56 Billion Bid as 'Not Credible or Attractive'

EBay has officially rejected GameStop's $56 billion acquisition proposal, deeming it 'neither credible nor attractive'. GameStop CEO Ryan Cohen holds a 5% stake in eBay and may appeal directly to shareholders.

CEO Cohen, who has built a 5 percent position in eBay, has hinted he may take offer directly to eBay shareholders.

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