eBay rejects GameStop's $56B offer: "Your proposal is neither credible nor attractive"

Pressler said the board and its independent advisors thoroughly reviewed Game Stop's unsolicited bid and found numerous problems. "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 implications of these factors on valuation, and 6) GameStop's governance and executive incentives," Pressler said.Read full article Comments