Variety
·entertainment
·1 hour ago
eBay rejects GameStop's unsolicited $56 billion takeover bid as not credible
eBay rejected GameStop CEO Ryan Cohen's unsolicited $56 billion takeover bid on Tuesday, calling it "neither credible nor attractive." Chairman Paul Pressler cited uncertainty over financing and concerns about the combined entity's governance and operational risks. GameStop had proposed acquiring eBay for $125 per share, comprising 50% cash and 50% stock, with TD Securities committing $20 billion in debt financing.
Summary by Glance · Variety
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