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The Guardian - UK
The Guardian - UK
Technology
Joanna Partridge

GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

GameStop eBay Ryan Cohen Paul Pressler United States CNBC
an aerial view of a building with 'ebay' written on the roof
GameStop has built up a stake of 5% in eBay and is offering to acquire the company at $125 a share. Photograph: Justin Sullivan/Getty Images

The board of eBay has rejected the US video games retailer GameStop’s surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as “neither credible nor attractive”.

Earlier this month, GameStop made an unsolicited bid for eBay, publishing a letter on its website outlining a half-cash, half-stock proposal.

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