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EBay

on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller ⁠GameStop

on doubts over the financing of the deal, ​while underscoring its turnaround ​efforts that ​have boosted its growth.

The rejection could lead to a hostile bid, as GameStop CEO Ryan ⁠Cohen ‌last week said he ⁠was willing to take the offer directly to eBay shareholders.