BUZZ-GameStop falls after eBay rejects takeover bid

eBay
GameStop Corp. Class A
S&P 500 index

eBay

EBAY

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GameStop Corp. Class A

GME

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S&P 500 index

SPX

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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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