eBay Shoots Down GameStop’s Surprise $56 Billion Takeover Offer

Online marketplace eBay has rebuffed GameStop ’s $56 billion acquisition offer, calling the proposal “neither credible nor attractive.” The company announced Tuesday (May 12) that its board had reviewed the surprise takeover bid and decided to reject it. The announcement included the text of a letter the board had sent to GameStop CEO Ryan Cohen . “We have concluded that your proposal is neither credible nor attractive,” the letter says, citing factors like eBay’s “standalone prospects” and “unc