GameStop Proposes eBay Acquisition as Ryan Cohen Pursues CEO Role at $30 Billion Company
Updated
Updated · Bloomberg · May 16
GameStop Proposes eBay Acquisition as Ryan Cohen Pursues CEO Role at $30 Billion Company
10 articles · Updated · Bloomberg · May 16
GameStop has proposed acquiring eBay, a move tied to Ryan Cohen’s effort to gain influence over the roughly $30 billion ecommerce company.
The proposal reflects Cohen’s ambition to work at eBay as chief executive after the company, which already has a CEO, was not engaging with him directly.
The report frames the bid less as a conventional strategic merger than as an unusual takeover approach aimed at securing control of a company Cohen wants to run.
With eBay's board rejecting his offer, what is Ryan Cohen's next move in his hostile takeover attempt?
Can GameStop realistically finance its $55.5 billion bid for eBay, a company five times its size?