---
title: "GameStop Takeover Dream Crashes After eBay Rejection"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286137906.md"
description: "GameStop shares dropped 2% after eBay rejected its $56 billion takeover bid, citing concerns over funding and potential impacts on long-term growth. The proposal, which included cash and stock, aimed to enhance competition with Amazon. Investor skepticism about financing options led to speculation about debt and share dilution, prompting Michael Burry to sell his GameStop shares. GameStop claimed to have $9 billion in cash and a $20 billion financing commitment from TD Bank."
datetime: "2026-05-12T17:28:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286137906.md)
  - [en](https://longbridge.com/en/news/286137906.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286137906.md)
---

# GameStop Takeover Dream Crashes After eBay Rejection

GameStop shares fell about 2% on Tuesday after eBay turned down the video game retailer's unsolicited $56 billion takeover proposal.

In a letter to GameStop Chairman and CEO Ryan Cohen, eBay's board said the offer was not credible or attractive. The board also pointed to uncertainty around funding and concerns that the deal could weigh on eBay's long-term growth and profitability.

GameStop had proposed a mix of cash and stock earlier this month, saying the combined company could compete more effectively with Amazon (AMZN). Investors had already been questioning how GameStop would finance such a large transaction.

GameStop's shares fell as those financing questions persisted, with market speculation centering on possible debt and share dilution.

The bid also prompted investor Michael Burry (Trades, Portfolio) to exit his entire GameStop position. At the time of the offer, GameStop said it had about $9 billion in cash and a highly confident letter from TD Bank for $20 billion in debt financing.

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