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GameStop, the American video game chain that became the standard-bearer of the 2021 meme stock frenzy, has stunned Wall Street with an unsolicited $55.5bn (£40.9bn) cash-and-stock offer for the online marketplace eBay, an audacious reverse takeover that would see a company worth roughly a quarter of its target attempt to swallow it whole.
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ebay rebuffs GameStop’s surprise $55.5bn swoop

eBay has rejected a surprise $55.5bn takeover bid from GameStop, calling it "neither credible nor attractive". Ryan Cohen may now go direct to shareholders.