GameStop Pledges to Continue $56 Billion eBay Acquisition Bid Despite Board Rejection

According to Reuters, GameStop on Friday pledged to continue its approximately $56 billion acquisition bid for eBay in cash and stock, despite the company's board having previously rejected the proposal. CEO Ryan Cohen first proposed the deal in May, stating that the combined entity would better compete with Amazon. GameStop reiterated that additional strategic materials related to the transaction are forthcoming.
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