Many analysts questioned the deal, citing concerns about how GameStop would finance the transaction and the strategic rationale.

The reaction may set in motion a hostile takeover attempt from GameStop.

Shares of eBay are soaring before the opening bell Monday as Ryan Cohen’s GameStop pursues an approximately $56 billion takeover of company, seeing it as a vehicle to compete with online retail giant ...

GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither ...

Shares of eBay and GameStop were rising Wednesday after the gaming company revealed it had increased its stake in eBay to 6.55%. The move signals GameStop CEO Ryan Cohen’s continued interest in taking ...

CNBC's Andrew Ross Sorkin reports on the latest news.

Forbes contributors publish independent expert analyses and insights. Peter Cohan, a Boston-based senior contributor, covers stocks. This voice experience is generated by AI. Learn more. This voice ...

Bay (NASDAQ:EBAY) has turned down a proposed $56 billion takeover offer from GameStop (NYSE:GME), citing concerns over the credibility and financing structure of the proposed transaction. The bid ...

GameStop has offered to buy ecommerce giant eBay, a tie-up that the video game retailer’s boss believes could produce a “legit competitor” to Amazon.

Analysts and investors have doubted whether the bid from the US$12 billion videogame retailer for a company nearly four times its market value would close.

We have concluded that your proposal is neither credible nor attractive,” eBay Chairman Paul Pressler wrote in a letter to Cohen. Pressler said eBay’s board made its decisi ...