eBay rejects GameStop's $56B takeover bid, calling it 'neither credible nor attractive'

eBay's board of directors has officially rejected GameStop CEO Ryan Cohen's $56 billion takeover offer, stating the bid is "neither credible nor attractive." Cohen proposed acquiring eBay through a mix of cash and stock, but concerns remain about GameStop's ability to finance such a large deal. eBay prefers to continue operating as an independent company, signaling confidence in its standalone prospects. This rejection adds uncertainty to any potential merger between the two companies.