Techub News reports that, according to CryptoBriefing, eBay has rejected GameStop’s $56 billion unsolicited tender for a proactive acquisition, saying the offer is “neither credible nor attractive.” The offer takes a structure of half cash and half stock, but analysts have raised questions about the feasibility of its financing. GameStop has shut down its NFT marketplace and cryptocurrency wallet business this year, while eBay acquired the NFT marketplace KnownOrigin in 2022. Currently, eBay’s market capitalization is between $20 billion and $30 billion, far higher than GameStop’s, and the cash required for this acquisition would exceed GameStop’s financial ability to absorb it.

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