Ryan Cohen explains financing for $56 billion eBay acquisition
Updated
Updated · The Wall Street Journal · May 5
Ryan Cohen explains financing for $56 billion eBay acquisition
8 articles · Updated · The Wall Street Journal · May 5
A day after saying GameStop would offer half cash and half stock, Cohen told TBPN any gap would be covered by eBay shareholders rolling equity into the merged company.
The explanation followed scrutiny over how GameStop, valued at about $11 billion, could buy the larger e-commerce group. Cohen said eBay's board disliked his criticism of director fees.
He also said he would cut eBay marketing spending and headcount if the deal succeeds, arguing the company needs far fewer than its roughly 11,500 employees.
If Cohen's takeover succeeds, will eBay's platform be revitalized for users or stripped for parts?
Is Ryan Cohen's bid for eBay a financial masterstroke or a house of cards built on promises?
Can a 1995 business mindset revive eBay in today's AI-driven e-commerce world?