GameStop falls after eBay rejects takeover bid

eBay

12/05/2026 11:16

** GameStop GME.N shares fell 3.3% in pre-market trading on Tuesday after eBay EBAY.O rejected its ambitious $56 bln takeover bid, citing doubts over the deal's financing

**  EBay's rejection could lead to a hostile bid as GME CEO Ryan Cohen has previously indicated a willingness to take the offer directly to eBay shareholders

** EBAY down 1%

** GME stock has advanced ~15.4% year-to-date, compared to an ~8.3% rise for the S&P 500 Index .SPX

** The co's stock is trading ~35% below its 52-week intraday high of $35.81 reached on May 28, 2025

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))