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eBay Rejects GameStop's $56 Billion Acquisition Proposal, Calls It 'Neither Credible Not Attractive'

eBay
International Business Times Fews App News Provider
Fews App Post Time há 22h

eBay said the acquisition proposal made by GameStop's CEO is "neither credible nor attractive. " Reuters eBay rejected on Tuesday a $56 billion acquisition offer from GameStop, saying it is "neither credible nor attractive. "Paul Pressler, the company's chairman of the board, signed a letter from the body saying the rejection took into account "such factors as 1) eBay's standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the impact of your proposal on eBay's long-term growth and profitability, 4) the leverage, operational risks, and leadership structure of a combined entity, 5) the resulting implications of these factors on valuation, and 6) GameStop's governance and executive incentives.

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