The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.
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The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.
EBay has rejected a takeover bid from GameStop, describing the much smaller retail company’s proposal as “neither credible nor attractive”.
eBay stock was slightly lower after its board rejected a $56 billion takeover offer from GameStop CEO Ryan Cohen.
Online marketplace eBay has rejected an offer from GameStop to buy the company for $55.5 billion, dealing a blow to the video game retailer’s ambitions to create a rival to Amazon.
GameStop stock drops after eBay rejects the retailer's takeover bid.
GameStop stock drops after eBay rejects the retailer's takeover bid.
The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.
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...
Investing.com -- eBay has rejected a $56 billion takeover approach from GameStop, citing doubts over the financing of a deal that would see a company roughly one-quarter the size of its target attempt an audacious acquisition.
EBay’s board rejected GameStop’s unsolicited $56 billion takeover proposal. “We have concluded that your proposal is neither credible nor attractive,” eBay’s board wrote in a letter to GameStop CEO Ryan Cohen released today.
EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth. EBay stock has been trading far below the offer price of $125 per share since the bid was made earlier this month. It fell 1% to $107 before the bell, while GameStop was down 4%.
↗️ Venture Global (VG): The liquefied-natural-gas exporter, which stands to benefit from the closure of the Strait of Hormuz, is due to report results this morning, potentially shedding light on the strength of demand.
Amid Ryan Cohen's theatrics and eBay suspension, Michael Burry has exited his GME stake.
GameStop’s stunning $56 billion bid for eBay may never close, but Wedbush says the move could put eBay in play for a more credible buyer.
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GameStop Corp. CEO Ryan Cohen claimed he was permanently banned from eBay Inc. just days after proposing a $56 billion buyout of the e-commerce giant, prompting legendary investor Michael Burry to declare the move “hostile.”However, a quick check of Cohen's...
The rental car giant is enticing bargain seekers with near-new certified cars.
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GameStop's play for eBay echoes the AOL-Time Warner deal in eerie detail—and that should terrify eBay's board.
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Michael Burry sold his entire GameStop stake after the company bid $55.5 billion for eBay, warning the deal's debt load kills his "Instant Berkshire" thesis.
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We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. GameStop Corp. (NYSE:GME) is one of the stocks discussed by Jim Cramer. Cramer rarely discussed video game retailer GameStop Corp. (NYSE:GME). The CNBC TV host’s remarks about the firm in 2025 saw him advise viewers to invest in video […]
We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. eBay Inc. (NASDAQ:EBAY) is one of the stocks discussed by Jim Cramer. Online retailer eBay Inc. (NASDAQ:EBAY)’s shares are up by 53% over the past year and by 24% year-to-date. Citi discussed the firm on May 6th. It raised […]
Activist investor Ryan Cohen has proposed a massive takeover of eBay Inc., signaling that severe cost-cutting and layoffs could be on the horizon for the e-commerce giant if his ambitious bid succeeds. Case Against Overhead Cohen sharply criticized the company's...
Also: All the news and watercooler chat from Fortune.
Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclear
GameStop wants to acquire eBay. If GameStop issues more shares, short traders could be circling the waters.
Michael Burry dumped his GameStop shares over the eBay dealing, warning "never confuse debt for creativity.”