Send
Print
And3275
eBay Chairman Paul Pressler stated, "We have determined that the proposal lacks credibility and appeal."
He mentioned that the firm believes that with the existing leadership, eBay is in a strong position to maintain sustainable growth.
As reported by Reuters, analysts and investors expressed doubt that GameStop's attempt to acquire a company with a market value four times greater would succeed.
A refusal might result in an aggressive takeover attempt, as Cohen has shown his readiness to directly contact eBay shareholders, including by convening a special meeting, the report mentions.
GameStop's CEO stated that he possesses a letter from TD Bank indicating its readiness to offer $20 billion in debt financing, according to Reuters.
source: reuters.com
He mentioned that the firm believes that with the existing leadership, eBay is in a strong position to maintain sustainable growth.
As reported by Reuters, analysts and investors expressed doubt that GameStop's attempt to acquire a company with a market value four times greater would succeed.
A refusal might result in an aggressive takeover attempt, as Cohen has shown his readiness to directly contact eBay shareholders, including by convening a special meeting, the report mentions.
GameStop's CEO stated that he possesses a letter from TD Bank indicating its readiness to offer $20 billion in debt financing, according to Reuters.
source: reuters.com
