Online marketplace eBay has rejected an offer from GameStop to buy the company for $55.5 billion, dealing a blow to the video game retailer’s ambitions to create a rival to Amazon.

Online marketplace eBay has rejected an offer from GameStop to buy the company for $55.5 billion, dealing a blow to the video game retailer’s ambitions to create a rival to Amazon.

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.”

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."

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal "neither credible or 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 a $56 billion takeover bid from the much smaller GameStop over financing doubts, calling the proposal "neither credible nor attractive."EBay, which has roughly four times GameStop's market value, also underscored that its turnaround efforts under CEO Jamie Iannone h