eBay dismisses GameStop’s unsolicited proposal citing financing risks and governance concerns amid standalone growth confidence.
eBay’s board has rejected GameStop’s $55.5bn takeover offer, calling it neither credible nor attractive. The decision followed a review with independent advisers, citing unclear financing and potential risks to eBay’s long-term growth and profitability.
GameStop proposed a non-binding cash-and-stock deal earlier this month, valuing eBay at $55.5bn. eBay’s leadership expressed concerns over operational risks, debt implications, and GameStop’s governance structure, including executive compensation incentives.
eBay’s chairman emphasized confidence in the company’s standalone strategy, highlighting recent improvements in execution, marketplace experience, and shareholder returns. The board remains focused on driving sustainable growth under current management.