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 ...

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

EBay may have shot down GameStop’s $56 billion buyout offer this month, but the videogame retailer continues to show interest in the online auction platform. GameStop GME -3.37% has boosted its stake ...

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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 ...