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.

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.” Ryan Cohen’s GameStop disclosed earlier this month that ...

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 ...

GameStop (GME) surged 9% after posting record $390M net income and approving a $2 billion share buyback program. Ryan Cohen grew GameStop's eBay (EBAY) stake to 7% and may bypass the board after eBay ...

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 ...

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 ...