GameStop falls after eBay rejects takeover bid

ReutersMay 12, 2026 10:16 AM

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GameStop GME.N shares fell 3.3% in pre-market trading on Tuesday after eBay EBAY.O rejected its ambitious $56 bln takeover bid, citing doubts over the deal's financing

EBay's rejection could lead to a hostile bid as GME CEO Ryan Cohen has previously indicated a willingness to take the offer directly to eBay shareholders

EBAY down 1%

GME stock has advanced ~15.4% year-to-date, compared to an ~8.3% rise for the S&P 500 Index .SPX

The co's stock is trading ~35% below its 52-week intraday high of $35.81 reached on May 28, 2025

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