GameStop advances approximately $56 billion acquisition plan for eBay despite prior rejection

Odaily Odaily reports that GameStop stated last Friday 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 in May, stating that the combined company would be better positioned to challenge Amazon and expressing interest in operating the new entity. GameStop indicated last Tuesday that it would release detailed strategic presentation materials, and reiterated on Friday that more information related to the proposed transaction would be forthcoming.