so i just heard that gamestop's attempt to buy ebay for a whopping $56 billion has been shut down, and i'm not really surprised. i mean, gamestop is a great place to buy games and all, but it's not exactly a giant in the retail world, especially compared to ebay. the whole thing just seemed like a pretty far-fetched idea from the start.



gamestop's ceo, ryan cohen, has been pretty outspoken about the deal, and it's clear he's not giving up easily. he's been quoted as saying he's "not going away" and is basically going to keep pushing for the acquisition no matter what. it's kinda admirable, in a weird way, but at the same time, it's hard to take him seriously when the numbers just don't add up. i mean, gamestop is valued at $12 billion, while ebay is at $46 billion - it's just not a realistic match.



the terms of the deal were pretty interesting, too. gamestop was offering $28 billion in cash, with $20 billion of that coming from a bank loan. they were also going to issue a billion new shares, which would have given ebay's current shareholders a 70% stake in the combined company. it all sounds pretty complicated, and i can see why ebay's board would be skeptical. they've rejected the offer, saying it's "neither credible nor attractive", which is pretty straightforward.



i guess we'll just have to wait and see what happens next. cohen seems determined to make the deal work, but it's hard to see how he's going to overcome the obstacles in his way. preorders are available at major retailers, if you're into that sort of thing. personally, i'm justRead more: Full article on www.pcgamer.com

What do you think about this?