eBay rejects GameStop’s $56 billion acquisition bid

No thank you, we’re good. | Photo by Brandon Bell/Getty Images e Bay has officially rejected Game Stop's offer to buy the online marketplace for $56 billion, citing concerns around "operational risks" and how the acquisition will be financed. In a letter to Game Stop CEO Ryan Cohen on Tuesday, e Bay's board of directors said it has "concluded that your proposal is neither credible nor attractive." "We have taken into account such factors as 1) e Bay'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 implic … Read the full story at The Verge.