GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’
Key takeaways
- Game Stop has built up a stake of 5% in e Bay and is offering to acquire the company at $125 a share.
- Prefer the Guardian on GoogleThe board of eBay has rejected the US video games retailer GameStop’s surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as “neither credible nor attractive”.
- Earlier this month, GameStop made an unsolicited bid for eBay, publishing a letter on its website outlining a half-cash, half-stock proposal.
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Game Stop has built up a stake of 5% in e Bay and is offering to acquire the company at $125 a share. Photograph: Kacper Pempel/Reuters View image in fullscreen Game Stop has built up a stake of 5% in e Bay and is offering to acquire the company at $125 a share. Photograph: Kacper Pempel/Reuterse Bay Game Stop’s $55.5bn bid for e Bay rejected as ‘neither credible nor attractive’Online marketplace takes into account uncertainty around US video games retailer’s financing proposal
Prefer the Guardian on GoogleThe board of eBay has rejected the US video games retailer GameStop’s surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as “neither credible nor attractive”.
Earlier this month, GameStop made an unsolicited bid for eBay, publishing a letter on its website outlining a half-cash, half-stock proposal.