Gamestop Corp. (GME)
GameStop bid for eBay rejected as 'neither credible nor attractive'
EBay Inc (NASDAQ:EBAY, XETRA:EBA) has rejected a $56 billion takeover approach from GameStop Corp (NYSE:GME), dismissing the proposal as lacking credibility and raising concerns over financing, governance and the risks of combining the two businesses. Shares in eBay fell 0.9% in pre-market trading, while GameStop stock was trading 4.2% lower.
The Ryan Cohen saga gets a new twist as eBay shoots down GameStop's takeover offer
eBay says the $56 buyout deal is “neither credible nor attractive” and cheers its standalone prospects.
EBay Rejects Audacious Takeover Bid From GameStop
EBay has rejected a takeover bid from GameStop, describing the much smaller retail company's proposal as “neither credible nor attractive”.
EBay Rejects GameStop's $55 Billion Takeover Bid
The online marketplace called the cash-and-stock proposal “neither credible nor attractive.”
EBay permanently bans GameStop CEO Ryan Cohen for putting its community ‘at risk' following takeover attempt
The GameStop chief, who proposed acquiring eBay for $55.5 billion Monday, was selling GameStop-related merchandise through his account.
Ryan Cohen's mysterious bank letter backing GameStop's eBay bid reveals a big issue with deal
Earlier this week, GameStop made a bold offer to buy eBay for $56 billion. The video game retailer said that it has lined up a $20 billion financing commitment from TD Securities.
What's next for eBay stock as GameStop saga turns adversarial?
Early May has been busy and turbulent for the online marketplace eBay (NASDAQ: EBAY) and the video game retailer GameStop (NYSE: GME), as the latter launched an unsolicited bid to acquire the former.
Want to Support GameStop's Bid for eBay? You Can Buy CEO Ryan Cohen's Stuff—On eBay
Ryan Cohen isn't just the guy who wants to merge with eBay. He's also a member.
EBay Shouldn't Sell to GameStop. That's the Advice of This Famous Investor.
Bill Smead, a longtime owner of eBay shares, says the online marketplace is doing fine on its own.
GameStop is hiring someone to handle CEO Ryan Cohen's home renovations. The company says he'll pay them personally.
GameStop is hiring a "private project manager" for CEO Ryan Cohen to handle personal home remodels or relocations. Other recent job listings include a home assistant to book travel (commercial or private) and an executive project manager.
Michael Burry just sold GameStop stock: should you too?
GameStop (NYSE: GME) opened in the “red” this morning after Big Short investor Michael Burry confirmed he's cut his entire stake in the gaming merchandise retailer. The subsequent downward pressure has GME challenging its 100-day moving average (MA) today – with a decisive break below $23 expected to accelerate bearish momentum in the near-term.
eBay: GameStop Bid Doesn't Add Up
eBay received a $125/share buyout proposal from GameStop, valuing the company at $55.5 billion, but the market remains unimpressed. The proposed deal is 50% cash, and 50% GameStop stock, requiring significant debt and dilution, with unclear business synergies and heavy reliance on cost cuts. GameStop's plan centers on $2 billion in annualized cost reductions for EBAY, risking long-term growth by slashing marketing and product development.
