"Your Proposal Is Neither Credible Nor Attractive" - eBay Rejects GameStop's Takeover Bid (opens in new tab)

Art of the deal.When we recently reported on GameStop's bid to acquire eBay for a cool $55.5 billion, many of you were understandably sceptical. How could such an offer be made when GameStop's own value is significantly lower than eBay's?Well, it turns out that eBay itself isn't too keen on the idea either. In a letter to GameStop's CEO Ryan Cohen, Paul S. Pressler, chairman of the board of directors at eBay, outright rejected the takeover bid as "neither credible nor attractive" (thanks, IGN...