eBay Shuts Down GameStop’s $56 Billion Buyout Attempt - "Your Proposal Is Neither Credible Nor Attractive" (opens in new tab)

GameStop CEO Ryan Cohen took a massive swing when he made a move to acquire online marketplace giant eBay earlier this month, but the company has officially slammed the door on the proposal in spectacular fashion.On May 3, GameStop submitted an unsolicited nonbinding offer to acquire eBay for $125 per share in a deal valued at roughly $55.5 billion. The proposed structure was reportedly split between 50% cash and 50% GameStop common stock, with TD Securities supposedly backing the move with a...