"Your Proposal Is Neither Credible Nor Attractive" - eBay Rejects GameStop's Takeover Bid
eBay has officially rejected GameStop's $55.5 billion takeover bid, with Chairman Paul S. Pressler stating the proposal was "neither credible nor attractive." The company cited concerns about financing, operational risks, and eBay's standalone prospects. GameStop CEO Ryan Cohen previously expressed a desire to make eBay a stronger competitor to Amazon.
- Entities
- Company: Amazon
- Company: GameStop
- Company: eBay
- Person: Paul S. Pressler
- Topic: Mergers and Acquisitions
- Person: Ryan Cohen
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