eBay's board has formally rejected GameStop's unsolicited $55.5 billion takeover bid, calling it 'neither credible nor attractive.' The rejection cited concerns over financing uncertainty, operational risks, leadership structure, and GameStop's governance. The offer had valued eBay at a 46% premium over its February 4, 2026 closing price, with $20 billion in proposed debt financing from TD Securities. eBay's chairman Paul Pressler reaffirmed confidence in the company's standalone growth prospects under its current management.
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