eBay has officially rejected the unsolicited acquisition proposal from GameStop, stating that the offer was deemed 'neither credible nor attractive.' In a statement released on Tuesday, eBay's Board of Directors, after consulting with financial and legal advisors, concluded that the proposal did not align with eBay's long-term business prospects. The rejection letter from eBay Chairman Paul S. Pressler to GameStop CEO Ryan Cohen outlined several concerns, including uncertainties regarding GameStop's financing plan and potential operational risks of a combined entity. GameStop had proposed to acquire eBay for $125.00 per share, representing a 46% premium over eBay's stock price from February 2026, valuing the deal at around $55.5 billion. Despite the proposal, eBay expressed confidence in its current management and strategic direction, emphasizing its ability to deliver sustainable long-term growth and shareholder value.