eBay Board rejects GameStop's unsolicited acquisition proposal as not credible

EBAY INC

eBay Board declines GameStop's non-binding proposal citing financing uncertainty, operational risks, and governance concerns.
GameStop had obtained a highly confident letter from TD Securities for up to $20B in debt financing, dated May 1, 2026.
eBay cites strong standalone prospects and reaffirms focus on strategic execution and shareholder returns.
GameStop's proposal included a letter from Ryan Cohen; eBay's response was sent on May 12, 2026.

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