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moves money TNW May 12, 2026

eBay tells GameStop to keep the carpet: $56bn bid “neither credible nor attractive”

eBay tells GameStop to keep the carpet: $56bn bid “neither credible nor attractive”
AI Summary

Ryan Cohen offered $125 a share, partly to be funded by a $20bn TD Securities commitment letter and, briefly, by selling old store signs on eBay itself. The eBay board, which had to ban and then unban him during the process, says no. eBay has formally rejected GameStop’s $56bn takeover bid, telling the video-game retailer’s […] This story continues at The Next Web

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