eBay Rejects GameStop's $56B Takeover as Not Credible

The biggest plot twist here? Almost nobody in the comments seemed shocked. Bloomberg reports that eBay flatly rejected GameStop chief Ryan Cohen’s $56 billion takeover offer, calling it “neither credible nor attractive” — and the crowd basically replied: yeah, obviously. The reaction was less stunned silence, more internet eye-roll. One commenter said they honestly expected the reverse, while another compared the whole idea to K-Mart buying Sears, which is about as flattering as it sounds.

The strongest opinion by far was that this looked like a public stunt, not a serious attempt to buy one of the internet’s best-known shopping sites. Multiple commenters painted GameStop as a “clown show” and a “meme stock company,” meaning a company whose stock became famous online partly because of social media hype and a wild market frenzy. One person even suspected the bid was just a move to shake up stock prices for a short-term play, which added a nice layer of Wall Street soap opera to the whole mess.

And then came the comedy gold: commenters dragged a recent TV interview with the GameStop CEO, saying he couldn’t answer basic questions and looked so awkward they thought it was a satire sketch. Meanwhile, at least one actual eBay user chimed in with relief, saying the platform has become a smoother place to buy and sell and doesn’t need some dramatic rescue mission. In other words: eBay said no, and the comment section said thank goodness.