GME-EBAY Takeover Saga Could Continue After Rejection, Morgan Stanley Says
TL;DR
eBay rejected GameStop’s $125-per-share takeover offer as neither credible nor attractive, but Morgan Stanley says the saga could continue through a higher bid, a shareholder proxy fight, or additional financing, with Stifel forecasting a response from Ryan Cohen; EBAY has risen about 24% year-to-date versus roughly 15% for GME.
- GME, EBAY: ‘Takeover Fight May Just Be Starting,’ Says Morgan Stanley after eBay Rejects GameStop Bid TipRanks
- EBay, the Old-School E-Commerce Site, Finds Its Place in Modern Retail The New York Times
- GameStop CEO Ryan Cohen Wants eBay, Says He'll Do 'Whatever' It Takes Yahoo Finance
- EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive' CNBC
- GameStop makes big bet that governance doesn’t matter Financial Times
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