EBay Rejects GameStop’s $55 Billion Offer as ‘Neither Credible Nor Attractive’

In brief

• eBay has rejected a $55.5 billion takeover bid from GameStop.
• The firm called the unsolicited proposal “neither credible nor attractive.”
• Shares of EBAY are up 55% in the last year of trading, while GameStop has dropped 18% in the same period.