eBay rejects $55.5bn offer from GameStop

The online auction giant said it doubted how the video game retailer would finance its offer.

EBay the Old-School E-Commerce Site, Finds Its Place in Modern Retail

The online marketplace has remade itself by focusing on collectibles and other high-end goods — and attracted an unwelcome takeover bid from GameStop.

By Kim Bhasin

EQT Makes Final Intertek Bid as Investors Urge Deal Talks - Bloomberg.com

EQT Makes Final Intertek Bid as Investors Urge Deal Talks  Bloomberg.com

EBay rejects $56bn GameStop bid as ‘neither credible nor attractive’

Rebuff could spur video game retailer’s chief Ryan Cohen to launch hostile bid for online marketplace

GameStop hits the limits of credibility with $56bn eBay bid | Nils Pratley

The ‘meme stock’ company is remembered for Reddit traders sending its share price into orbit but its move on the auction site looks less likely to take off “Neither credible nor attractive.” No, not a line from a junior minister’s resignation letter on Tuesday. It was eBay’s succinct appraisal of the bizarre $55.5bn (£41bn) takeover offer from video games retailer GameStop, an affair that offers light distraction from the sight of UK 10-year gilt yields at 5%-plus. To recap: GameStop is the “...

By Nils Pratley

EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’

CEO Cohen, who has built a 5 percent position in eBay, has hinted he may take offer directly to eBay shareholders.

Ebay rejects $56 billion US bid by GameStop, calling it 'neither credible nor attractive'

GameStop CEO Ryan Cohen has argued that by combining GameStop and eBay, he could cut costs and find synergies to create a much bigger enterprise. But analysts and investors had wondered whether the offer by GameStop, which is much smaller than the company its trying to buy, stood a chance.

EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive'

Many analysts questioned the deal, citing questions about how GameStop would finance the transaction and the strategic rationale.

French media tycoon Vincent Bolloré casts shadow over Cannes opening

As the 79th Cannes Film Festival opens on the Croisette, politics is competing with glamour for attention. Hundreds of figures from the French film industry have signed an open letter warning about what they describe as the growing influence of the far right within French cinema and media. At the centre of the controversy is French billionaire and media tycoon Vincent Bolloré, owner of Canal+, the powerful television group that plays a major role in financing French films.

By Eve JACKSON

EBay unbans Ryan Cohen as it rejects GameStop’s takeover attempt

The e-commerce company had permanently banned Cohen’s eBay account, which included GameStock merch and other items listed for as much as $14,000.

By Weston Blasi

Ebay Rejects GameStop’s ‘Neither Credible Nor Attractive’ $56 Billion Takeover Bid - Forbes

Ebay Rejects GameStop’s ‘Neither Credible Nor Attractive’ $56 Billion Takeover Bid  Forbes

EBay rejects £41.4 billion GameStop takeover offer

The board of EBay labelled the proposal as ‘neither credible or attractive’.

By Henry Saker-Clark

eBay rejects Ryan Cohen's takeover offer

GameStop CEO Ryan Cohen wants to buy eBay, but the e-commerce platform isn't keen. GameStop; Smith Collection/Gado/Getty Images eBay has rejected Ryan Cohen's $55.5 billion takeover offer. The GameStop CEO made an unsolicited offer earlier this month. eBay's chairman said the offer is "neither credible nor attractive." eBay has turned down Ryan Cohen's unsolicited offer to take over its business. The online marketplace giant said Tuesday that it has officially rejected the GameStop CEO's $5...

EBay Rejects GameStop’s $56 Billion Takeover Bid: ‘Your Proposal Is Neither Credible nor Attractive’

Online retailing giant eBay has turned down GameStop CEO Ryan Cohen’s unsolicited $56 billion takeover proposal, calling it “neither credible nor attractive.” On May 3, GameStop submitted a nonbinding offer to acquire of eBay for $125/share (supposedly comprising 50% cash and 50% GameStop common stock), valuing eBay at $55.5 billion. But questions immediately arose about […]

By Todd Spangler

Juliette Binoche, Adèle Haenel, Swann Arlaud Protest Billionaire’s Bid for French Cinema Chain UGC as “Fascist Takeover”

More than 600 French film professionals signed an open letter opposing Vincent Bolloré's plan to take control of France's third-largest cinema chain.

By Scott Roxborough

EBay rejects GameStop's $56 billion bid as 'neither credible nor attractive'

eBay Rejects GameStop CEO Ryan Cohen's $56 Billion Offer to Buy the Company, Calls It 'Neither Credible nor Attractive'

eBay has officially rejected GameStop CEO Ryan Cohen’s $56 billion offer to buy the company.

By Wesley Yin-Poole

eBay rejects GameStop's 'neither credible nor attractive' bid

Online marketplace eBay announced Tuesday that it had rejected the recent $56 billion takeover offer from video game retailer GameStop, calling the unsolicited proposal 'neither cr...

"Neither Credible Nor Attractive": eBay Rejects GameStop's Takeover Bid

"Neither Credible Nor Attractive": eBay Rejects GameStop's Takeover Bid eBay's board released a statement on Tuesday morning, rejecting GameStop CEO Ryan Cohen's unsolicited, non-binding acquisition proposal, calling it "neither credible nor attractive." "We have concluded that your proposal is neither credible nor attractive," Paul S. Pressler, eBay's chairman of the board of directors, wrote in a statement. Pressler cited concerns over GameStop's financing, the risks of a comb...

By Tyler Durden

Chinese company Huayou agrees to fund Ewoyaa mine development amid Atlantic Lithium takeover talks

Chinese battery materials giant Zhejiang Huayou Cobalt has agreed to take over the remaining development funding obligations for Ghana’s Ewoyaa Lithium Project while simultaneously pursuing a proposed $210 million takeover of Atlantic Lithium. The move represents a major shift in the financing structure of the Ewoyaa project and significantly improves funding certainty as Atlantic Lithium […]

By Isaac Agyei