Online seller eBay is rejecting an unsolicited $56 billion takeover offer from Grapevine-based GameStop, calling the proposal “neither credible or attractive.” Ryan Cohen’s GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said at the time that its approximately 1,600…

Online retailing giant eBay has turned down GameStop CEO Ryan Cohen's unsolicited $56 billion takeover proposal, calling it "neither credible nor attractive."

Many analysts questioned the deal, citing questions about how GameStop would finance the transaction and the strategic rationale.

May 12 : EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.Analysts and investors have doubted whether the half-cash, half-stock bid from the $12 billion vid

New York, May 12 : EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.Analysts and investors have doubted whether the half-cash, half-stock bid from the $12 b