Ryan Cohen urges eBay board to engage on $56 billion takeover offer for EBAY

GameStop CEO Ryan Cohen told eBay Inc.’s board on May 13, 2026, that it should not dismiss his $56 billion cash-and-stock takeover proposal without engaging on its merits, according to a letter seen by Reuters. Cohen wrote to eBay’s chairman that he had requested a meeting with the board, but directors declined. He said eBay shareholders deserve the opportunity to evaluate the proposal. The letter came one day after eBay rejected Cohen’s offer on May 12, 2026. The proposal would represent a major takeover attempt involving eBay (EBAY) and Cohen, who leads GameStop (GME) and is known for activist investing.