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GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

Online marketplace takes into account uncertainty around US video games retailer’s financing proposalBusiness live – latest updatesThe board of eBay has rejected the US video games retailer GameStop’s surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as “neither credible nor attractive”.Earlier this month, GameStop made an unsolicited bid for eBay, publishing a letter on its website outlining a half-cash, half-stock proposal. Continue reading…

THE GUARDIAN·1h ago·3 min read

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