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Actual News > Markets & Economy > eBay Rejects $55 Billion GameStop Takeover Bid

eBay Rejects $55 Billion GameStop Takeover Bid

In one of the most audacious corporate maneuvers in recent memory, video game retailer GameStop attempted to acquire online marketplace eBay for roughly $55 billion. eBay’s board chair dismissed the offer as “neither credible nor attractive.”

The bid is the latest in GameStop’s extraordinary post-meme-stock transformation, as the company — once on the verge of irrelevance — tries to leverage its cash reserves and cultural cachet into empire-building. Whether the rejection ends the saga or merely opens a new chapter remains to be seen.

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