GameStop pledges to pursue its takeover offer for eBay despite rejection

By Svea Herbst-Bayliss and Jaspreet Singh

June 26 (Reuters) - GameStop pledged on Friday to pursue its proposed takeover ‌of eBay, even after the e-commerce firm rejected ‌an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.

The company ​also said in a short regulatory filing that this year's earnings will be strong, helping push up its stock price more than 2% in after-hours trading.

What role does Ryan Cohen play in this deal?

How did eBay respond to GameStop's takeover offer?

What are GameStop's financial projections for fiscal 2026?

Why did GameStop make an unsolicited bid for eBay?

GameStop CEO Ryan Cohen ‌surprised Wall Street with ⁠the offer to buy eBay in May, arguing a combined company would be a bigger ⁠competitor to Amazon and saying he would run it. EBay rejected it the same month.

The company said it was holding ​firm on ​plans to buy eBay, ​a company roughly five times ‌its size, but did not provide the details on Friday about its rationale and next steps.

GameStop said on Tuesday it would release additional materials regarding its plans for eBay this week, including a detailed presentation of the strategic ‌rationale and oper

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/gamestop-pledges-pursue-ebay-takeover-214513842.html)