- eBay’s board of directors rejected GameStop’s $55.5 billion acquisition offer, calling it ’neither credible nor attractive'.
- eBay cited numerous problems including financing uncertainty, operational risks, and GameStop’s governance structure.
- GameStop CEO Ryan Cohen said he would rather be CEO of eBay than GameStop.
- Cohen is selling personal items on eBay to raise funds for the offer, including GameStop store signs and sports memorabilia.
- Cohen’s eBay account was temporarily suspended due to an AI tool flagging suspicious activity, but was later reinstated.