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.

In a letter from Chairman Paul Pressler, eBay’s board said that it had completed its review of GameStop’s offer and believes eBay is a “strong, resilient business.” ...

Bay ($EBAY) said its board rejected an unsolicited $56 billion takeover proposal from GameStop ($GME), calling the offer “neither credible nor attractive” and citing concerns over financing, ...

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

At the end of last week, there were rumblings that GameStop would make a bid on eBay, a company roughly four times its size. Then on Sunday night, before markets opened this week, the gaming retailer ...

Shares of online retail giant eBay were up more than 4% Monday after GameStop, the video-game and fandom-culture retailer, launched an unsolicited $56 billion takeover bid. On Sunday, GameStop ...

eBay Inc. EBAY rejected GameStop Corp.'s GME massive $56 billion buyout bid on Tuesday, dismissing the video game retailer’s aggressive takeover attempt as “neither credible nor attractive” in a ...

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

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.

Online retailing giant eBay has turned down GameStop CEO Ryan Cohen’s unsolicited $56 billion takeover proposal, calling it “neither credible nor attractive.” On May 3, GameStop submitted a nonbinding ...

Online marketplace eBay has rejected an offer from GameStop to buy the company for $55.5 billion, dealing a blow to the video game retailer’s ambitions to create a rival to Amazon.