eBay rejects GameStop's bid
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Ryan Cohen, CEO of Grapevine-based GameStop, told eBay's board on Wednesday that they should not reject his $56 billion takeover proposal and shareholders deserve a chance to evaluate it.
Wall Street’s chat rooms can’t stop talking about GameStop (NYSE:GME) after Ryan Cohen’s $56 billion offer for eBay (NASDAQ:EBAY) sent the meme crowd into another frenzy. But here’s what you should actually be watching.
This marks the end of a short-lived takeover bid for a global e-commerce leader, more than a week since GameStop's proposal worth nearly $56 billion.