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, whose market capitalization is four times that of Gamestop, highlighted the “uncertainty” around the “financing proposal” for the $56 billion unsolicited bid.

It’s still unclear how exactly GameStop, at a fraction of eBay’s size, would secure all the money needed for the transaction.

EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal.

EBay has rejected a massive $56 billion takeover offer from GameStop. EBay cited doubts about GameStop's financing for the deal. The company is confident in its current growth…

‘We have concluded that your proposal is neither credible nor attractive.’

La società di San Jose, California, ha definito in una nota la proposta di acquisto «né credibile né attraente»

Online marketplace eBay has rejected an offer from GameStop to buy the company for $55.5 billion, dealing a blow to the video game retailer’s ambitions to create a rival to Amazon.

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

Online marketplace takes into account uncertainty around US video games retailer’s financing proposal

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…

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

It called the bid "neither credible nor attractive."

EBay has rejected a proposed offer from GameStop to buy it, calling the offer "neither credible nor attractive."

eBay board doubts GameStop's ability to buy and operate the much larger firm.

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

The saga of the most bewildering corporate acquisition attempt in recent memory is officially over. For now.

GameStop CEO has said he could take the bid directly to shareholders. Read more at straitstimes.com. Read more at straitstimes.com.

eBay board says unsolicited $56bn takeover offer from much smaller 'meme' retailer GameStop 'neither credible nor attractive'

NEW YORK, May 13 : GameStop CEO Ryan Cohen told eBay's board on Wednesday that they should not reject his $56 billion takeover proposal and the e-commerce company's shareholders…