eBay rejects GameStop bid for $56 billion

“We have also considered factors such as 1) eBay’s prospects, 2) uncertainty about your financial outlook, 3) the impact of your views on eBay’s long-term growth and profitability, 4) the scope, operational risk, and leadership structure of the combined organization, 5) its impact on game change, game control, and its impact on executive motivation.

eBay is a strong, stable business that has delivered great results over the past few years. We have expanded our focus, strengthened our operations, expanded our market and vendor capabilities, and returned all capital to our shareholders. With its global market and clear strategy, the eBay Board is confident that the company, under its management team, has the opportunity to continue to grow sustainably, to act strategically, and to deliver value to its shareholders. “