The eBay board of directors did not seem pleased with GameStop’s CEO on Tuesday, firmly rejecting an offer from last week that was followed by continued online antics.
GameStop CEO Ryan Cohen offered $55.5 billion for the online auction site last Sunday, saying that with his expertise, eBay could become a rival to Amazon.
‘We have concluded that your proposal is neither credible nor attractive.’
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This was followed by a series of comical posts on X by Cohen, who wrote messages like, “I’m selling stuff on eBay to pay for eBay.”
The CEO was selling memorabilia from video games and even GameStop signs before he was eventually suspended from the online marketplace.
On Tuesday, eBay announced that its board of directors was rejecting GameStop’s “unsolicited, non-binding acquisition proposal.”
“Dear Mr. Cohen,”
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