EBay rejects $56bn takeover bid from smaller retailer GameStop

EBay on Tuesday rejected an ambitious $56bn takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth. Analysts and investors have doubted whether the half-cash, half-stock bid from the $12 billion videogame retailer for a company nearly four times its market value would close. EBay stock has been trading far below the offer price of $125 per share since the bid was made earlier this month. It fell...