The Guardian Australia – Business
·business
·1 hour ago
eBay rejects GameStop's $55.5 billion takeover bid as not credible
GameStop's $55.5 billion bid for eBay was rejected by the auction site's board as "neither credible nor attractive" on Tuesday. The video game retailer, worth $11 billion, proposed funding the deal half in cash and half through new share issuance, but relied on a non-binding bank commitment for $20 billion of the cash component.
Summary by Glance · The Guardian Australia – Business
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