
The bizarre saga of GameStop's $56 billion bid to acquire eBay has come to, if not an ending, then at least a sudden break: the internet auction empire today rejected GameStop's offer, declaring "We have concluded that your proposal is neither credible nor attractive" in a letter from eBay board chairman Paul Pressler.
"The Board, with the support of its independent advisors, has thoroughly reviewed your proposal and has determined to reject it," wrote eBay.