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EBay Rejects GameStop's $55 Billion Offer as 'Neither Credible Nor Attractive'

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Decrypt Editorial
(02:37 PM UTC)
1 min read
MR
Approved byMichael Roberts
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In brief

  • eBay has rejected a $55.5 billion takeover bid from GameStop.
  • The firm called the unsolicited proposal "neither credible nor attractive."
  • Shares of EBAY are up 55% in the last year of trading, while GameStop has dropped 18% in the same period.

Global online marketplace eBay has rejected GameStop’s unsolicited, $55.5 billion half-stock, half-cash acquisition proposal, it announced…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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