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eBay Responds to GameStop $56 Billion Takeover Bid

VICE·Denny Connolly·21 days ago
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GameStop shocked the financial world last week with a surprise $56 billion takeover bid to fold eBay into its portfolio. A few days have passed since the offer and eBay is ready to respond to the offer. Screenshot: Valve, Ebay GameStop’s attempt to buy eBay first went public earlier in May and it only took eBay about a week to come to a decision. During that week, the attempted takeover got a ton of coverage and attentional in the news. After deliberation at eBay, the answer is a clear no to GameStop’s offer. Videos by VICE According to Reuters , eBay chairman Paul Pressler explained that, “We have concluded that your proposal is neither credible nor attractive.” This response doesn’t come as much of a surprise and aligns with most of the predictions about how the offer would be received by eBay’s leadership. Part of the reason that the offer became such an interesting story in the financial sector is because of the difference in sizes of the two companies.…

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