eBay Rejects GameStop's $56B Takeover Bid

GameStop's $56 billion takeover offer for eBay was rejected by eBay's board, which called it "neither credible nor attractive."

GameStop's offer was met with skepticism by eBay's board, which questioned the video game retailer's financials and its ability to integrate eBay's operations. eBay's board of directors has a fiduciary duty to conside…

The rejection deals a setback to GameStop's expansion plans. A successful acquisition of eBay would have given GameStop a major presence in the e-commerce space. eBay's market value is around $27 billion, according to…