GameStop continues to push forward with its approximately $56 billion plan to acquire eBay, despite a prior rejection

Odaily Planet Daily News GameStop stated last Friday that it will continue to advance 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 expressing interest in operating the new entity. GameStop said last Tuesday that it would release detailed strategic presentation materials, and reiterated on Friday that more materials related to the proposed transaction are forthcoming.