Plus Icon
Todd Spangler
NY Digital Editor
xpangler See All
eBay Online retailing giant eBay has turned down GameStop CEO Ryan Cohen’s unsolicited $56 billion takeover proposal, calling it “neither credible nor attractive.”
On May 3, GameStop submitted a nonbinding offer to acquire of eBay for $125/share (supposedly comprising 50% cash and 50% GameStop common stock), valuing eBay at $55.5 billion. But questions immediately arose about how GameStop could swing the deal, even with a $20 billion debt financing commitment from TD Securities.
Related Stories
