eBay says no to GameStop's $56 billion buyout offer; says in letter: Board has thoroughly reviewed your proposal and determined to reject it; read full text
eBay's board has rejected GameStop's $55.5 billion buyout proposal, deeming it "neither credible nor attractive." The e-commerce company cited confidence in its standalone prospects, concerns about financing uncertainty, and potential impacts on long-term growth and profitability as key reasons for the rejection. eBay's board believes its current strategy and management are well-positioned for continued sustainable growth and shareholder value.
eBay's board has rejected GameStop's $55.5 billion buyout proposal, deeming it "neither credible nor attractive." The e-commerce company cited confidence in its standalone prospects, concerns about financing uncertainty, and potential impacts on long-term growth and profitability as key reasons for the rejection. eBay's board believes its current strategy and management are well-positioned for continued sustainable growth and shareholder value.
