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EBay Rejects GameStop’s $56 Billion Takeover as Not Credible - Bloomberg.com
Overview
eBay Inc. rejected an unsolicited $56 billion takeover offer from GameStop CEO Ryan Cohen, calling the proposal "neither credible nor attractive." The board turned down the $125-per-share bid and flagged concerns about the deal's financing and seriousness. The recent rejection by Universal Music Group of Bill Ackman's offer highlights a broader pattern of major companies pushing back on unsolicited bids they view as undervaluing the business or lacking credible financing.
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ORGBloomberg.comORGeBay Inc.ORGGameStop Corp.PERSONRyan Cohen
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