eBay rejects GameStop’s $56 billion acquisition bid

No convey you, we’re good. | Photo by Brandon Bell/Getty Images

eBay has officially rejected GameStop's connection to bargain the online marketplace for $56 billion, citing concerns astir "operational risks" and however the acquisition volition beryllium financed. In a missive to GameStop CEO Ryan Cohen connected Tuesday, eBay's committee of directors said it has "concluded that your connection is neither credible nor attractive."

"We person taken into relationship specified factors arsenic 1) eBay's standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the interaction of your connection connected eBay's semipermanent maturation and profitability, 4) the leverage, operational risks, and enactment operation of a combined entity, 5) the resulting implic …

Read the afloat communicative astatine The Verge.