Bloomberg Podcasts · GameStop Drops, Under Armour Falls, Wendy's Jumps After Report of Trian Raising Funds for Bid |...

1. 1. eBay rejected a $56 billion offer for GameStop, calling the bid "neither credible nor attractive."
2. 2. eBay's board cited financial plan uncertainty for rejecting the confusing $56 billion GameStop offer.
3. 3. Under Armour's stock plunged 20% after its sales and profit forecasts trailed analyst expectations.
4. 4. Wendy's stock jumped 15% on reports of Nelson Pelt's Trian Partners pursuing a takeover.
5. 5. Wendy's previously struggled with lackluster reports, citing high beef costs and weak customer traffic.