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Business May 14, 2026

ebay rebuffs GameStop’s surprise $55.5bn swoop

ebay rebuffs GameStop’s surprise $55.5bn swoop

UMVA has learned that a colossal takeover bid for a major e-commerce titan has been decisively rejected.

An unsolicited offer, valued at a staggering $55.5 billion, was put forth by an unexpected suitor. However, the target company has unequivocally dismissed the proposal.

Sources have confirmed to UMVA that the e-commerce giant has characterized the bid as "neither credible nor attractive," effectively shutting down any possibility of negotiation.

GameStop, the American video game chain that became the standard-bearer of the 2021 meme stock frenzy, has stunned Wall Street with an unsolicited $55.5bn (£40.9bn) cash-and-stock offer for the online marketplace eBay, an audacious reverse takeover that would see a company worth roughly a quarter of its target attempt to swallow it whole.

This dramatic rejection has sent ripples of conversation through the financial world, sparking intense debate on both continents involved.

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