GameStop's 55.5bn bid for eBay rejected as 'neither credible nor attractive'

GameStop has built up a stake of 5% in eBay and is offering to acquire the company at $125 a share. GameStop has built up a stake of 5% in eBay and is offering to acquire the company at $125 a share. GameStop's $55.5bn bid for eBay rejected as'neither credible nor attractive' Online marketplace takes into account uncertainty around US video games retailer's financing proposal The board of eBay has rejected the US video games retailer GameStop's surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as "neither credible nor attractive". Earlier this month, GameStop made an unsolicited bid for eBay, publishing a letter on its website outlining a half-cash, half-stock proposal. This was despite the US games company - which became a global household name during the meme stock craze of 2021 - being worth far less than its takeover target.