POPA ReconEbay Rejects Gamestop’s $56B Takeover Bid As Not Credible
Ebay Rejects Gamestop’s $56B Takeover Bid As Not Credible eBay rejected GameStop’s unsolicited proposal to acquire the marketplace for $56 billion, saying the offer is “neither credible nor attractive.” The bid outlined a $125-per-share cash-and-stock structure, despite GameStop being far smaller by market cap than eBay. eBay cited major concerns around financing uncertainty, operational execution risk, and the potential debt burden the deal would create. While GameStop said it has a $20 billion financing commitment and roughly $9 billion in cash, the remaining gap and conditions attached t…
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