eBay has dismissed a $56 billion takeover offer from GameStop as neither credible nor attractive, citing concerns over financing, governance, and risks of merging the two companies. eBay's board remains confident in its standalone strategy and recent operational improvements. GameStop, valued at under $11 billion, proposed the deal to leverage its 1,600 US stores to enhance eBay's market position against Amazon. The bid faced skepticism due to unclear funding plans, with GameStop securing up to $20 billion in debt but not providing full financing details, raising investor concerns about potential dilution.
Citi analyst Ronald Josey raised eBay's price target from $114 to $127, maintaining a Buy rating due to improved operational execution and momentum in key growth categories like collectibles, refurbished electronics, and luxury goods. eBay's strong Q...
eBay has officially rejected GameStop's $56 billion takeover bid, stating the offer is 'neither credible nor attractive' due to concerns over financing, leverage, operational risks, and leadership structure. eBay's board also criticized GameStop's go...
eBay's board of directors has officially rejected GameStop CEO Ryan Cohen's $56 billion takeover offer, stating the bid is "neither credible nor attractive." Cohen proposed acquiring eBay through a mix of cash and stock, but concerns remain about Gam...
eBay has officially rejected a takeover proposal from GameStop, describing the offer as neither credible nor attractive. GameStop, a much smaller retailer compared to eBay, made an audacious bid that eBay's management quickly dismissed. This rejectio...
eBay has officially rejected GameStop's proposal to merge in a deal valued at about $55 billion, calling the offer "neither credible nor attractive." eBay's chairman highlighted concerns over how GameStop would finance the deal and the potential incr...
