TechFlow reports that on May 12, according to market news, eBay has rejected GameStop’s approximately $56 billion acquisition offer, calling the proposal “neither credible nor attractive.”
Earlier, on May 4, GameStop proposed acquiring eBay via a cash-and-stock deal valuing each share at $125. GameStop CEO Ryan Cohen stated that the company already holds approximately 5% of eBay’s shares and, should eBay reject the acquisition proposal, GameStop would consider launching a proxy contest to directly present its proposal to shareholders.




