GameStop CEO Ryan Cohen appears to be on the verge of abandoning his ambitious plan to purchase online marketplace eBay for a reported $56 billion. This potential shift comes in the wake of eBay’s strong pushback against the proposed takeover, according to recent information.

The initial proposal, spearheaded by Cohen, faced immediate and unequivocal rejection from eBay, which characterized the bid as “neither credible nor attractive.” Following this definitive dismissal, reports indicate that GameStop is now actively reviewing its position on the significant acquisition attempt. This information is based on reporting by GameSpot.

Source: GameSpot – All News