The Guardian Australia – Business
·business
·1 hour ago
GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’
eBay's board rejected GameStop's unsolicited $55.5bn takeover bid on Tuesday, calling it "neither credible nor attractive." eBay Chair Paul Pressler cited concerns about GameStop's financing uncertainty and operational risks of combining the companies. GameStop, valued at roughly $12bn, had proposed acquiring eBay at $125 per share using $9.4bn in cash and $20bn in debt financing.
Summary by Glance · The Guardian Australia – Business
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