eBay rejects GameStop’s $56B offer: “Your proposal is neither credible nor attractive”
eBay’s board of directors today rejected GameStop’s $55.5 billion offer to buy the company. “We have concluded that your proposal is neither credible nor attractive,” eBay Chairman Paul Pressler wrote in a letter to GameStop CEO Ryan Cohen. Pressler said the board and its independent advisors thoroughly reviewed GameStop’s unsolicited bid and found numerous problems. “We have taken into account such factors as 1) eBay’s standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the impact of […]