EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’

eBay has rejected a takeover bid from GameStop, citing financing doubts and concerns over the combined company's long-term growth and leadership structure. The bid, which included a $20bn debt financing commitment from TD Bank, was deemed "neither credible nor attractive" by eBay's Board. eBay's stock has been trading below the offer price of $125 per share since the bid was made, while GameStop's stock has dropped 18 percent in the last 12 months.