Daily Tech Headlines eBay Rejects GameStop's $56B Unsolicited Takeover Bid - DTH
May 12, 2026
A rundown of eBay turning down GameStop’s $56B takeover offer. New cross-platform end-to-end encrypted messaging rolls out between iPhone and Android. The EU’s Digital Markets Act fuels growth for alternative mobile browsers. Spotify marks 20 years with a personalized retrospective and shareable playlist. Amazon tests 30-minute deliveries in many U.S. cities. Meta trials a MuseSpark chatbot on Threads.
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Why eBay Said No To GameStop's $56B Bid
- eBay rejected GameStop's $56B unsolicited bid because the offer lacked credibility despite a 20% premium.
- eBay highlighted GameStop's smaller $11B market cap, vague funding beyond a planned $20B loan, and balance-sheet debt concerns that made the deal unattractive.
Cross Platform E2EE Messaging Finally Arrives
- Cross-platform end-to-end encrypted messaging beta is rolling out between iPhone and Android, resolving a major privacy gap.
- Apple's 2023 adoption of RCS enabled protected chats to show a lock icon and restored features like read receipts and typing indicators.
GameStop's Bid Could Spark A Proxy Fight
- GameStop's push to scale valuation may trigger a proxy fight as Ryan Cohen continues activist moves.
- The bid spotlighted GameStop's pivot to retro gaming and store closures but raised questions about its ability to finance an acquisition of a larger rival.