EBay rejects GameStop's $56B takeover bid, raising doubts on deal and bitcoin assets.

EBay's board rejected GameStop's $56 billion half-cash, half-stock takeover offer, calling it "neither credible nor attractive" due to financing concerns and confidence in its current strategy. The rejection highlights skepticism about GameStop's ability to fund the deal, especially given its bitcoin exposure and warnings about debt and dilution from investors like Michael Burry. EBay shares fell below the offer price, while GameStop's shares also declined. The rejection leaves GameStop to decide whether to raise the bid, walk away, or pursue a hostile takeover, with its bitcoin assets a key but limited financial factor.