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.
READ NEXT
-
'Getting Fired...': PR Sreejesh Questions Hockey India's Preference For Foreign Coaches In Emotional Social Media Post
-
Who Is Golshifteh Farahani, Actress Allegedly In 'Platonic Relationship' With French President Emmanuel Macron?
-
India Declines Sanctioned Russian LNG Amid US Pressure & Middle East Energy Crisis: Report
-
Out of GT's 8 wins in IPL, 7 Player of the Match awards went to bowlers
-
Prasidh Krishna To Return? GT's Strongest XI vs SRH- IPL 2026, Match 56
