eBay Rejects $55.5bn Offer From GameStop

PTSB gets extension to send out takeover offer paperwork

PTSB’s board has secured an extended deadline from the Irish Takover Panel to send out paperwork to shareholders regarding its proposed €1.6bn takeover by Austrian bank Bawag.

eBay rejects GameStop’s $56 billion takeover offer

In a letter from eBay Chairman Paul Pressler, eBay’s board said that it had completed its review of GameStop’s offer and believes that eBay is a “strong, resilient business.”

eBay rejects $55.5bn offer from GameStop

The online auction giant said it doubted how the video game retailer would finance its offer.

Ebay rejects GameStop's bid, calling it 'neither credible nor attractive'

GameStop CEO Ryan Cohen has argued that by combining GameStop and eBay, he could cut costs and find synergies to create a much bigger enterprise. But analysts and investors had wondered whether the offer by GameStop, which is much smaller than the company its trying to buy, stood a chance.

GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

Online marketplace takes into account uncertainty around US video games retailer’s financing proposalThe board of eBay has rejected the US video games retailer GameStop’s surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as “neither credible nor attractive”.Earlier this month, GameStop made an unsolicited bid for eBay, publishing a letter on its website outlining a half-cash, half-stock proposal. Continue reading...

EBay Rejects GameStop’s $56 Billion Takeover Bid: ‘Your Proposal Is Neither Credible nor Attractive’

Online retailing giant eBay has turned down GameStop CEO Ryan Cohen’s unsolicited $56 billion takeover proposal, calling it “neither credible nor attractive.” On May 3, GameStop submitted a nonbinding offer to acquire of eBay for $125/share (supposedly comprising 50% cash and 50% GameStop common stock), valuing eBay at $55.5 billion. But questions immediately arose about […]