[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"nav-categories":3,"article-ebay-board-rejects-gamestop-s-56-billion-hostile-takeover-bid-as-not-credible-or-attractive":70},{"data":4},[5,37,57,64],{"name":6,"slug":7,"categories":8},"Productivity","productivity",[9,13,17,21,25,29,33],{"id":10,"title":11,"slug":12},17,"Branding","branding",{"id":14,"title":15,"slug":16},19,"Marketing","marketing",{"id":18,"title":19,"slug":20},20,"Work","work",{"id":22,"title":23,"slug":24},34,"Community","community",{"id":26,"title":27,"slug":28},21,"For newbies","for-newbies",{"id":30,"title":31,"slug":32},24,"Investment","investment",{"id":34,"title":35,"slug":36},22,"Finance","finance",{"name":38,"slug":39,"categories":40},"Tech","tech",[41,45,49,53],{"id":42,"title":43,"slug":44},28,"Technology","technology",{"id":46,"title":47,"slug":48},32,"Artificial Intelligence","artificial-intelligence",{"id":50,"title":51,"slug":52},26,"Security and protection","security-and-protection",{"id":54,"title":55,"slug":56},31,"YouTube Blog","youtube-blog",{"name":58,"slug":59,"categories":60},"News","news",[61],{"id":62,"title":58,"slug":63},18,"quasanews",{"name":65,"slug":66,"categories":67},"Business","business",[68],{"id":69,"title":65,"slug":66},16,{"post":71,"published_news":95,"popular_news":147,"categories":218},{"title":72,"description":73,"meta_title":72,"meta_description":74,"meta_keywords":75,"text":76,"slug":77,"created_at":78,"publish_at":78,"formatted_created_at":79,"category_id":34,"links":80,"view_type":85,"video_url":86,"views":10,"likes":87,"lang":88,"comments_count":87,"category":89},"eBay Board Rejects GameStop’s $56 Billion Hostile Takeover Bid as “Not Credible or Attractive”","eBay officially slammed the door on Ryan Cohen’s aggressive $56 billion takeover attempt — the boldest move yet from the meme-stock legend and GameStop chairman.","eBay officially slammed the door on Ryan Cohen’s aggressive $56 billion takeover attempt","In a sharply worded letter to Cohen, eBay Chairman Paul Pressler called the unsolicited offer “neither credible nor attractive.”","\u003Cp>On May 12, 2026, \u003Ca href=\"https://quasa.io/media/gamestop-s-ryan-cohen-launches-56-billion-hostile-bid-for-ebay\">eBay officially slammed the door on Ryan Cohen’s aggressive $56 billion takeover attempt\u003C/a> — the boldest move yet from the meme-stock legend and GameStop chairman.\u003C/p>\n\n\u003Cp>In a sharply worded letter to Cohen, eBay Chairman \u003Cstrong>Paul Pressler\u003C/strong> called the unsolicited offer “neither credible nor attractive.”\u003C/p>\n\n\u003Cp>\u003Cstrong>\u003Cpicture>\u003Csource srcset=\"https://cdn.quasa.io/photos/0001/image-2026-05-13t194702549.webp\" type=\"image/webp\">\u003Cimg alt=\"eBay Board Rejects GameStop’s  Billion Hostile Takeover Bid as “Not Credible or Attractive”\" class=\"image-align-left\" height=\"298\" src=\"https://cdn.quasa.io/photos/0001/image-2026-05-13t194702549.jpg\" width=\"200\" />\u003C/picture>The board cited three major red flags:\u003C/strong>\u003C/p>\n\n\u003Cul>\n\t\u003Cli>Uncertainty around the financing structure;\u003C/li>\n\t\u003Cli>Significant operational and integration risks;\u003C/li>\n\t\u003Cli>Concerns about GameStop’s corporate governance track record.\u003C/li>\n\u003C/ul>\n\n\u003Cp>The rejection came just days after Cohen publicly proposed paying \u003Cstrong>$125 per share\u003C/strong> for eBay — a roughly \u003Cstrong>20% premium\u003C/strong> to the recent market price.\u003C/p>\n\n\u003Cp>The deal was structured as 50% cash and 50% GameStop stock, with Cohen promising to unlock \u003Cstrong>$2 billion in annual cost savings\u003C/strong> within the first year.\u003C/p>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>Why Cohen Wanted eBay So Badly\u003C/strong>\u003C/h4>\n\n\u003Cp>\u003Cpicture>\u003Csource srcset=\"https://cdn.quasa.io/photos/0001/image-2026-05-13t194707499.webp\" type=\"image/webp\">\u003Cimg alt=\"eBay Board Rejects GameStop’s  Billion Hostile Takeover Bid as “Not Credible or Attractive”\" class=\"image-align-right\" height=\"372\" src=\"https://cdn.quasa.io/photos/0001/image-2026-05-13t194707499.jpg\" width=\"250\" />\u003C/picture>For Ryan Cohen, acquiring eBay wasn’t just about expanding GameStop’s footprint — it was the fastest possible path to his ultimate payday.\u003C/p>\n\n\u003Cp>Under his January compensation package, Cohen stands to receive options on more than \u003Cstrong>171 million GameStop shares\u003C/strong> if he manages to push the company’s market capitalization to \u003Cstrong>$100 billion\u003C/strong> — a 10× increase from its current ~$10 billion valuation.\u003C/p>\n\n\u003Cp>eBay, with \u003Cstrong>$80 billion\u003C/strong> in annual platform volume and \u003Cstrong>$11.6 billion\u003C/strong> in revenue, would have instantly supercharged GameStop’s scale. Cohen had planned to finance a large chunk of the deal with \u003Cstrong>$20 billion in debt\u003C/strong>, betting that the combined company could handle the leverage while generating massive synergies.\u003C/p>\n\n\u003Cp>In short: buy eBay → 10× the market cap → Cohen becomes extremely rich. Simple on paper. Not so simple in practice.\u003C/p>\n\n\u003Cp>Also read:\u003C/p>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/why-michael-burry-thinks-the-ai-boom-is-a-bubble\">Why Michael Burry Thinks the AI Boom Is a Bubble\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/ethereum-foundation-launches-clear-signing-standard-finally-putting-an-end-to-blind-signing-and-billion-dollar-drains\">Ethereum Foundation Launches Clear Signing Standard — Finally Putting an End to “Blind Signing” and Billion-Dollar Drains\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/why-businesses-are-shifting-towards-custom-saas-development-solutions\">Why Businesses Are Shifting Towards Custom SaaS Development Solutions\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/the-trillion-dollar-gambit-is-musk-using-the-openai-lawsuit-to-fuel-the-greatest-wealth-transfer-in-history\">The Trillion-Dollar Gambit: Is Musk Using the OpenAI Lawsuit to Fuel the Greatest Wealth Transfer in History?\u003C/a>\u003C/li>\n\u003C/ul>\n\n\u003Chr />\n\u003Ch4>\u003Cstrong>What Happens Next?\u003C/strong>\u003C/h4>\n\n\u003Cp>\u003Cpicture>\u003Csource srcset=\"https://cdn.quasa.io/photos/0001/image-2026-05-13t194704816.webp\" type=\"image/webp\">\u003Cimg alt=\"eBay Board Rejects GameStop’s  Billion Hostile Takeover Bid as “Not Credible or Attractive”\" class=\"image-align-left\" height=\"298\" src=\"https://cdn.quasa.io/photos/0001/image-2026-05-13t194704816.jpg\" width=\"200\" />\u003C/picture>With the board’s firm rejection, Cohen’s most immediate option is a **proxy fight** — attempting to replace members of eBay’s board at the next annual meeting. That process is long, expensive, and far from guaranteed to succeed. It could easily drag on for more than a year.\u003C/p>\n\n\u003Cp>For now, the hostile takeover appears dead on arrival.\u003C/p>\n\n\u003Cp>eBay’s message was crystal clear: they’re not interested in becoming the latest chapter in the GameStop saga.\u003C/p>\n\n\u003Cp>\u003Cstrong>Full story: \u003C/strong> \u003Cbr />\n\u003Ca href=\"https://www.bloomberg.com/news/articles/2026-05-12/ebay-rejects-gamestop-s-56-billion-takeover-as-not-credible\">Bloomberg — eBay Rejects GameStop’s $56 Billion Takeover\u003C/a>\u003C/p>\n\n\u003Cp>GameStop’s Ryan Cohen swung for the fences. eBay didn’t even flinch.  \u003C/p>\n\n\u003Cp>For now, the meme remains just that — a meme.\u003C/p>","ebay-board-rejects-gamestop-s-56-billion-hostile-takeover-bid-as-not-credible-or-attractive","2026-05-13T17:51:17.000000Z","13.05.2026",{"image":81,"image_webp":82,"thumb":83,"thumb_webp":84},"https://cdn.quasa.io/images/news/JgN9FpgGsKFiAAwxQ7cuILnILREUfm5j6WzsROx5.jpg","https://cdn.quasa.io/images/news/JgN9FpgGsKFiAAwxQ7cuILnILREUfm5j6WzsROx5.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/JgN9FpgGsKFiAAwxQ7cuILnILREUfm5j6WzsROx5.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/JgN9FpgGsKFiAAwxQ7cuILnILREUfm5j6WzsROx5.webp","small",null,0,"en",{"id":34,"title":35,"slug":36,"meta_title":90,"meta_description":91,"meta_keywords":92,"deleted_at":86,"created_at":93,"updated_at":94,"lang":88},"Finance Growth Hacks: AI Valuations, Crypto Boom & Blockchain | QUASA","Trends in financial literacy. 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