eBay rejects GameStop $56B takeover bid as 'neither credible nor attractive'

Bart Harley Jarvis116

Did they offer them more in store credit?

Tommynaut101

But half cash half stock??? How could they possibly reject such a solid proposal?

lazyPYRO (Josh)53

Finally a (almost) comparable offer to Microsoft trying to buy Nintendo back in '99

cass, runner shell ✨48

the whole time all I thought was "eBay has seen shoddy deals before they're not taking this one"

Hero The Zero41

Wow who knew a dogshit company like GameStop trying to buy a company 4x their value would go over badly with the bigger company. GameStop hasn’t been relevant for nearly 10 years and has constant layoffs and store closures.

wiserthanwoe.bsky.social36

Gamestop's plan was/still is to take out a loan for what eBay is worth and when it's theirs they sell it for parts, run it into the ground, and then sell it off to someone else. That'd get rid of their current debt. But there's an even more nefarious wrinkle to this. It isn't a full last

Reyn27

It's extra funny to me that, instead of just rejecting the offer, they also went out of their way to call it stupid and ugly.

The Masked Game Counselor26

But it's half cash, half stock.

GloverAran22

The details are on our website

Lazesummerstone17

Wait it was unsolicited as well? This is sadder then I was expecting.

Oahkery17

"Neither Credible Nor Attractive" Found my bar trivia team name for tonight.

Dulce Caffè ΘΔ17

Honestly, business-speak is a very good language for utterly dismembering people who hit you with some dumb shit

Blue12

“This is a joke, right? You’re not stupid enough to actually think we’d sell ourselves for 15 dollars and a few cents, right?”

PN Guinn10

Eagerly awaiting Gamestop's proposal to buy Buffalo Wild Wings.

Cherry9

Hell yeah suck it GameStop

Bondforged Candylure6

Get fucking bent, GameStop. Fuck off.

Renegade (Riot) ✊🏾🏳️‍🌈🏳️‍⚧️♿6

Wasn't Gamescalp doing poorly not that long ago? Why would they ever think they would be able to buy anything with that looming over them and a shite offer?? I don't know if I want what they're smokin. Might mess me all the way up.

High Intensity Momo Action4

"-nor attractive" "Also youre ugly"

José3

Gagged them a bit oop

Justaminoraccount3

Basically: We are doing fine without you.

monorail times3

Did they look at the website?

Aaron The Sane Whitaker Bourque3

"We have concluded you are neither credible nor attractive" deserves to be on a shirt.

Godspeed You! Woke Moralists3

This was always a stunt.

Civilisation #RIPfreeWorld3

This looks like a last gasp effort by GameStop to diversify its way out of the high street before it goes bankrupt. Even if it had the cash on hand I wouldn’t have taken their offer. It would effectively just be saddling eBay with shops.

Radoh3

But it was half cash half stock! Did you not look at the website?

Chuck E. Cheesus2

Boy, if I had a nickel every time I heard that on a first date.

Totus Ubertas The Hoss2

its like a great dane shaking off an amorous chihuahua haha.

ODU Monarch '032

Gamestop bro is a clown, and the response puts him in his place, lol.

jlcthree.bsky.social2

You don’t say, eBay? Tell me more…

David Lovejoy2

Yes, but what if ebay gets an offer to be bought by...Allbirds????

The Medium Lebowski12

I remember once some guy traded a paper clip for something for something else and eventually a house so dream big, GameStop.

BUT ITS ON THE WEBSITE!!!

justinliberti.bsky.social9

But it’s 1/2 stock 1/2 cash!!! What don’t they get?!? Hahaha

Paolo Bernardi4

Cohen was trying to do a buy now pay later thing

Arthur Burns 2.02

Smart of them to wait for it to blow over, a bit at least.