Gamestop Corp. (GME)
Here's why GameStop stock is crashing today
Early May proved a turbulent period for GameStop (NYSE: GME) as CEO Ryan Cohen unveiled an unsolicited bid to acquire eBay (NASDAQ: EBAY) for approximately $46 billion.
eBay Shoots Down GameStop's Surprise $56 Billion Takeover Offer
Online marketplace eBay has rebuffed GameStop's $56 billion acquisition offer, calling the proposal “neither credible nor attractive.” The company announced Tuesday (May 12) that its board had reviewed the surprise takeover bid and decided to reject it.
GameStop stock falls as eBay rejects $56B takeover bid
eBay has rejected an unsolicited $56 billion takeover proposal from GameStop (GME), dealing a major setback to GameStop Chief Executive Officer Ryan Cohen and raising fresh doubts about the feasibility of one of the most ambitious deals attempted by a meme-stock-era company. The e-commerce company said its board had unanimously rejected the proposal, citing concerns over financing uncertainty and operational risks associated with combining the two businesses.
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.
