multi source·1h ago·9 sources analyzed
EBay rejects GameStop's $55.5 billion takeover bid
EBay has declined GameStop's offer, stating it is not credible or attractive. CEO Cohen may consider appealing directly to eBay shareholders. (sources: aljazeera, theguardian, marketwatch, yahoo, cbsnews)
Image: bloomberg
ModernAction Briefing
EBay has rejected GameStop's $55.5 billion takeover bid, citing concerns about its credibility. Following the rejection, GameStop's stock experienced a slight recovery.
- EBay described GameStop's bid as 'neither credible nor attractive.'
- Cohen has acquired a 5 percent stake in eBay.
- Cohen's eBay account was previously banned, affecting his ability to list items.
Why it matters
The rejection highlights challenges for GameStop in expanding its influence in the e-commerce sector.
Action context
No specific legislation identified for action yet.
Top coverage · 9 sources
aljazeeraEBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’theguardianGameStop hits the limits of credibility with $55.5bn eBay bid | Nils PratleymarketwatchEBay unbans Ryan Cohen as it rejects GameStop’s takeover attemptyahooGameStop stock trims losses after eBay rejects takeover bid