The Verge
US · 1 hrs ago
✦ 78✓ Factual
eBay rejects GameStop’s $56 billion acquisition bid
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Accuracy 78/100
Partisan intensity 15/100
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Low partisan intensity — consistent with factual reporting✓ Fair headline
eBay has rejected GameStop's $56 billion acquisition proposal, with the company's board citing concerns about operational risks and financing credibility in a letter to GameStop's CEO.
eBay rejects GameStop’s $56 billion acquisition bid
No thank you, we’re good. | Photo by Brandon Bell/Getty Images
eBay has officially rejected GameStop's offer to buy the online marketplace for $56 billion, citing concerns around "operational risks" and how the acquisition will be financed. In a letter to GameStop CEO Ryan Cohen on Tuesday, eBay's board of directors said it has "concluded that your proposal is neither credible nor attractive."
"We have taken into account such factors as 1) eBay's standalone prospects, 2) the uncertainty regard
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