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EBay rejects £41.4 billion GameStop takeover offer
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EBay rejects £41.4 billion GameStop takeover offer

The Independent·Henry Saker-Clark·21 days ago
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EBay has turned down a 56 billion US dollar (£41.4 billion) takeover move from GameStop , labelling the proposal as “neither credible or attractive”. GameStop boss Ryan Cohen launched an unsolicited offer of 125 dollars (£92.40) per share – half in cash and half in GameStop stock – to eBay shareholders last week. However, the online marketplace’s board confirmed on Tuesday that it had now rejected the move. In a letter, eBay chairman Paul Pressler said it reviewed the offer but believes that eBay is a “strong, resilient business”. He added: “We have sharpened our strategic focus, strengthened execution, enhanced our marketplace and seller experience, and consistently returned capital to shareholders.…

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