eBay Inc.

SAN JOSE, Calif., May 12, 2026 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that, following a thorough review with the support of its financial and legal advisors, the company's Board of Directors has determined to reject GameStop's unsolicited, non-binding acquisition proposal.

The full text of the eBay Board's response letter to GameStop CEO, Ryan Cohen, is set forth below:

Dear Mr. Cohen,

The Board, with the support of its independent advisors, has thoroughly reviewed your proposal and has determined to reject it.

We have concluded that your proposal is neither credible nor attractive. We have taken into account such factors as 1) eBay's standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the impact of your proposal on eBay's long-term growth and profitability, 4) the leverage, operational risks, and leadership structure of a combined entity, 5) the resulting implications of these factors on valuation, and 6) GameStop's governance and executive incentives.

eBay is a strong, resilient business that has delivered meaningful results over the past several years. We have sharpened our strategic focus, strengthened execution, enhanced our marketplace and seller experience, and consistently returned capital to shareholders. With its differentiated global marketplace and a clear strategy, eBay's Board is confident that the company, under its current management team, is well-positioned to continue to drive sustainable growth, execute with discipline, and deliver long-term value for our shareholders.

Our team remains focused on executing our strategy and driving our business forward in the best interests of the company, our shareholders, our employees, and millions of buyers and sellers around the world.

Sincerely,

/s/ Paul S. Pressler

Paul S. Pressler

Chairman of the Board of Directors, eBay

About eBay

eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2025, eBay enabled nearly $80 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

Forward-Looking Statements

This press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company's current expectations, forecasts and assumptions and involves risks and uncertainties. These statements include, but are not limited to, management's vision for the future of eBay and our ability to accomplish our vision, the future growth in our business, our ability to drive sustainable long-term growth and create lasting value for our shareholders, the impact of current and contemplated strategic initiatives and offerings, partnerships with and acquisitions of other companies, and new and updated product features or programs, including the initiatives, offerings, partnerships, acquisitions, features and programs discussed in our earnings press release for the first quarter 2026, the effects of foreign currency volatility and our ability to respond to such effects, operating efficiency and margins, and dividends and share repurchases. In some cases, forward-looking statements can be identified by terms such as "aim," "anticipate," "believe," "commit," "consider," "continue," "could," "design," "develop," "enable," "estimate," "expect," "forecast," "future," "goal," "impact," "intend," "likely," "maintain," "may," "ongoing," "opportunity," "optimistic," "outlook," "plan," "possible," "potential," "predict," "probable," "pursue," "remain," "seek," "should," "strategy," "strive," "target," "value," "will," "would," or similar expressions, variations and derivative forms and/or the negatives of those words.  Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that eBay expects. These and other risks and uncertainties include market risks, trends and conditions. These and other risks and uncertainties are more fully described in eBay's filings with the Securities and Exchange Commission, including in the risk factors included in eBay's Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent reports that eBay files with the Securities and Exchange Commission. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements represent beliefs and assumptions of eBay only as of the date of this press release. eBay does not intend to update, and expressly disclaims any obligation to update, any of these forward-looking statements for any reason after the date of this press release or to conform these statements to actual results or revised expectations, except as required by law.

Investor Relations Contact:

John Egbert

ir@ebay.com

Media Relations Contact:

Sybille St. Arromand

press@ebay.com

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SOURCE ebay Inc.

The first marketplace to bring expert verification and automatic authentication for high-value trading card purchases in the UK

LONDON, May 6, 2026 /PRNewswire/ -- eBay, the world's largest online global marketplace for trading cards, today announced the launch of its Authenticity Guarantee service for trading cards in the UK. The authentication service will start rolling out for eligible trading cards – including collectable card games, sports trading cards and non-sports cards – sold for £500 and above.

eBay will be the first online marketplace in the UK to make authentication as the standard for qualifying purchases, bringing an added layer of trust and confidence for one of eBay's most passionate enthusiast communities.

Trading cards continue to see strong demand from collectors, as new record sales are set across the industry. On ebay.co.uk, collector interest spans everything from Pokémon to Formula 1, with cards such as Charizard ex and Ancient Mew among the most searched in 2025, and Lando Norris ranking as the most searched British athlete on the site.

"Trust is critical in the world of collectables – it's why collectors around the world turn to eBay and our 30 years of expertise, innovation and diverse selection in this category," said Adam Ireland, Vice President and General Manager, Global Collectables at eBay. "The expansion of our Authenticity Guarantee service to trading cards in the UK offers buyers and sellers an enhanced experience for high-value trading card transactions, and represents a global milestone for our collectables business."

With the introduction of Authenticity Guarantee for trading cards, alongside categories including sneakers, luxury watches and handbags, eBay continues to deliver market-leading experiences across the UK.

Authenticity Guarantee for Trading Cards: How It Works

When a service-eligible trading card is purchased, the seller ships it directly to eBay's authentication facility, for a comprehensive, multi-point physical inspection carried out by our partner, Professional Sports Authenticator (PSA). Following this rigorous assessment, the card is sent via tracked, next day delivery to the buyer.

Details of the authentication process include:

• Thorough Inspection: Using an extensive database, authenticators assess the card's condition and quality, ensuring it matches the listing description and verifying authenticity.
• Proof of Authentication: A tamper-evident e-tag featuring a unique QR code is attached to the card's protective packaging, preserving the condition of the card itself. Buyers can scan the code to view details about the card and its authentication journey.
• Verified Returns: For sellers who offer returns, eBay ensures the exact item is returned via a verified process. Items are sent back to the authentication centre, where experts confirm condition and authenticity before returning to the seller.

In addition to marketplace listings, eBay's Authenticity Guarantee for trading cards will also apply to eligible purchases made through eBay Live, bringing the same level of trust and confidence to interactive live streams. This ensures that collectors buying high-value cards on eBay Live benefit from expert verification, secure handling and a seamless post-purchase experience.

Eligible listings will display an Authenticity Guarantee blue badge, making it easy for buyers to shop with confidence. The service will begin rolling out across eBay.co.uk at no additional cost to buyers or sellers from 6 May, with eligibility expanding throughout the month and all trading cards priced at £500 and above expected to be included by June.

eBay Trading Cards by the Numbers in the UK:

• Pokémon cards such as Charizard ex and Ancient Mew were among the most searched in 2025
• 1999 Pokemon 1st Edition Shadowless Charizard Base Set Holo Rare #4 BGS 9 MINT was the highest value trading card sold in the UK, at £16,500
• Football leads the way for top searched sports in the trading card category in the UK, with Arsenal being the top searched football club
• 2025 Formula 1 Champion Lando Norris was the most searched British athlete on ebay.co.uk in 2025

Learn more about eBay UK's authentication offering for trading cards and shop the latest listings at ebay.co.uk/tradingcards.

About eBay

About eBay eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive.

Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2025, eBay enabled nearly $80 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

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