Dossier
Paul Pressler
Coverage of Paul Pressler in the Nexus archive.
- eBay rejects GameStop's $56B offer: "Your proposal is neither credible nor attractive"
eBay's board of directors rejected GameStop's $55.5 billion offer to buy the company, citing numerous problems with the proposal. The rejection was based on factors such as eBay's standalone prospects and the uncertainty regarding GameStop's financing proposal. GameStop's bid was deemed neither credible nor attractive.
- GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it
GameStop made an unsolicited offer to buy eBay for $55.5 billion, citing underperformance and excessive spending on sales and marketing. GameStop plans to combine eBay with its physical retail locations, but faces skepticism about the viability of its offer. The deal would be financed through debt and a mix of cash and stock.