'Your proposal is neither credible nor attractive:' eBay rejects GameStop takeover bid
eBay has rejected an unsolicited takeover proposal from GameStop, with the eBay board stating the offer was neither "credible nor attractive." GameStop CEO Ryan Cohen's proposal, valued at $55.5 billion, was met with skepticism regarding its financing. eBay's board cited concerns about financing uncertainty, impact on long-term growth, and operational risks as reasons for rejection.
Gamedeveloper.com
Original source
This article was reported and published by Gamedeveloper.com. feed.gg links to it as part of a story cluster — full text, images and rights remain with the publisher.