On Friday, GameStop Corp. (NYSE:GME) said it remains committed to acquiring eBay Inc. (NASDAQ:EBAY) despite the e-commerce company’s rejection of its unsolicited proposal.
GameStop Reaffirms Commitment To eBay Acquisition
In a regulatory filing, GameStop said its “leadership team remains focused on advancing the proposed acquisition of eBay” and added that “additional materials regarding the proposed transaction are forthcoming.”
eBay did not immediately respond to Benzinga’s request for comments.
The renewed commitment follows GameStop CEO Ryan Cohen’s surprise proposal in May to acquire eBay, a company roughly five times larger by market value.
