eBay rejects GameStop offer: neither credible nor attractive
19 hours ago
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eBay's board of directors has formally rejected GameStop's unsolicited bid to acquire the e-commerce company, bringing an unceremonious end to one of the stranger corporate stories of the year.
In a press release issued Tuesday morning, eBay's board called the proposal from GameStop CEO Ryan Cohen "neither credible nor attractive," citing concerns about GameStop's financing plan, the operational risks of a combined company, and questions about GameStop's own governance and executive incentives.
The rejection letter, signed by eBay board chairman ...
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19 hours ago
1
English (US) ·