GameStop continues to push forward with its approximately $56 billion acquisition plan for eBay, despite a previous rejection

Odaily Planet Daily News GameStop stated last Friday that it will continue to pursue its approximately $56 billion cash-and-stock acquisition offer for eBay, despite the eBay board having previously rejected the proposal. GameStop CEO Ryan Cohen proposed the acquisition plan in May, arguing that the combined company would be better positioned to challenge Amazon, and expressed interest in operating the new entity. GameStop said last Tuesday that it would release detailed strategic presentation materials, and reiterated on Friday that additional materials related to the proposed transaction would be forthcoming.