eBay has rejected GameStop's unsolicited $56 billion takeover bid, deeming it "neither credible nor attractive." The proposal valued eBay at approximately $125 per share, but the board, led by chair Paul Pressler, unanimously dismissed the offer, questioning GameStop's financing capability and the valuation itself. GameStop, which has been accumulating a 5% stake in eBay since February, aimed to leverage its cash reserves from previous equity raises during the meme stock era. However, eBay's board believes the company holds greater value independently. Despite the rejection, GameStop's existing stake provides options for future strategic moves, while eBay shareholders may view the bid as a valuation floor.