Ryan Cohen hits back at eBay, says his takeover proposal should not be dismissed

By Svea Herbst-Bayliss and Abigail Summerville NEW YORK, May 13 (Reuters) - GameStop CEO Ryan Cohen told eBay's board on Wednesday that they should not reject his $56 billion takeover proposal and the e-commerce company's shareholders deserve a chance to evaluate it.

eBay rejects GameStop's offer, calling it 'neither credible nor attractive'

Bay has rejected GameStop's unsolicited $56 billion takeover bid, calling it "neither credible nor attractive," according to a letter from eBay chairman Paul Pressler seen by Bloomberg. That reaction may set in motion an attempt by GameStop to take the offer directly to eBay's shareholders or replace eBay's board with one favorable to its offer via proxy fight.