EBay rejects GameStop’s $56 billion takeover bid
Speakers
Joe Kernen
— Co-Anchor, Squawk Box
Andrew Ross Sorkin
— Co-Anchor, Squawk Box
Summary
Andrew Ross Sorkin reports that eBay has officially rejected GameStop's $56 billion takeover bid, calling the proposal not credible nor attractive. The discussion covers Ryan Cohen's defense of his half-cash, half-stock offer and his derivative-based stake in eBay. One anchor suggests that instead of pursuing eBay, Cohen should target NVIDIA as a better investment.
- eBay board rejects GameStop's $56 billion buyout offer as not credible nor attractive.
- GameStop CEO Ryan Cohen defends his offer, citing ability to issue stock as currency.
- Cohen's stake in eBay is held through options and derivatives, raising voting concerns.
- The segment notes eBay's historical underperformance and governance issues.
- A CNBC anchor suggests buying NVIDIA instead of eBay.
- Andrew Ross Sorkin indicates the story may not be over and Cohen could continue to agitate.
Trade Ideas
Prefer NVIDIA over eBay
The speaker states he would rather buy NVIDIA than settle for eBay, implying a strong preference for NVIDIA as a superior investment compared to eBay. This suggests NVIDIA has better growth prospects or value, while eBay is unattractive.
Prefer NVIDIA over eBay
The speaker states he would rather buy NVIDIA than settle for eBay, implying a strong preference for NVIDIA as a superior investment compared to eBay. This suggests NVIDIA has better growth prospects or value, while eBay is unattractive.
Up Next
This CNBC video, published May 12, 2026, features Joe Kernen discussing NVDA, EBAY. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Joe Kernen · Tickers: NVDA, EBAY