eBay rejects an unsolicited takeover bid from GameStop CEO Ryan Cohen, who built about a 5% stake in the company. Multiple outlets report that eBay’s board declines the proposal, describing it as “neither credible nor attractive.” The offer is reported as valuing eBay at roughly $56 billion, including a price of $125 per share, according to the accounts provided by the outlets. eBay’s response indicates it does not view the bid as credible and frames its own outlook as stronger without the transaction. After the rejection, Cohen responds publicly and to eBay leadership. Retail Gazette reports Cohen tells eBay’s board chair Paul Pressler that the company dismissed the offer “without engaging on its substance.” Several reports also say Cohen hints he could take the offer directly to eBay shareholders, raising the possibility of pursuing the proposal through a shareholder-focused approach rather than negotiations with the board. Across coverage, the central points are eBay’s rejection of the bid and Cohen’s indication that he may seek alternative routes to advance it.