(Il Sole 24 Ore Radiocor) - Milano, 12 mag - The US e-commerce group EBay said it has rejected an unsolicited 56 billion dollar bid from US video game, consumer electronics and gaming merchandise retailer GameStop, calling the proposal from GameStop CEO Ryan Cohen "neither credible nor attractive." EBay said its board and independent advisers had reviewed the 125 dollar per share offer and has decided to reject it, citing EBay's standalone prospects; uncertainty on deal financing; the impact of the proposal on EBay's long-term growth and profitability; the leverage, operational risks and leadership structure of a combined entity, among other.

factors.

(RADIOCOR) 12-05-26 12:57:59 (0376) 5 NNNN