eBay's Rejection Letter To GameStop's $56 Billion Bid Pulls Absolutely No Punches (opens in new tab)

GameStop's ambitious plan to purchase eBay has been officially rejected by the online auction marketplace. The company raised several concerns, with its primary one being how GameStop would plan to fund its proposal to purchase eBay for $56 billion--especially when GameStop itself only has $9.4 billion in assets.The eBay board of directors ultimately decided that GameStop's proposal was neither "credible nor attractive," citing that the company in its current setup is more than capable of del...