eBay rejects GameStop $56 billion bid over financing doubts
NewsBytes | May 12, 2026 8:39 PM CST
Market experts question GameStop $12B valuation
Market experts quickly pointed out that GameStop is only valued at $12 billion, making the bid look risky.
Investor Michael Burry called the plan "pedestrian" and ditched his shares after the news, worried about all the debt and new stock involved.
Meanwhile, GameStop CEO Ryan Cohen still hopes to take the offer directly to eBay shareholders in the future.
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