eBay rejects bid from GameStop
Photo: Wilfredo Lee/AP/TT

eBay rejects bid from GameStop

E-commerce giant eBay is rejecting the bid from game-store chain GameStop. GameStop CEO Ryan Cohen calls it "neither credible nor attractive."

Last week, GameStop made an offer to eBay shareholders that would have consisted of half cash and half shares in GameStop, valuing eBay at $125 per share.

The total market capitalization of GameStop is currently around $10 billion, just a quarter of eBay's.

From an investment perspective, there has been great skepticism about the deal, as it has not been clarified how GameStop could finance it.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers

What do you think?

Keep readingmore from Business

All