Ryan Cohen's eBay bid falters after failed investor interview

9 articles · Updated · Semafor · May 5

eBay's board is due to review the unsolicited $56bn offer this week, after Cohen's CNBC appearance failed to win backing from institutional investors.
Shares, up more than 12% before the interview, fell back to pre-bid levels as Cohen deflected financing questions and gave no clear commitment to a proxy fight.
Cohen had said eBay shareholders could roll equity into a combined company and proposed cutting director fees, marketing and headcount, but doubts persist over financing a target far larger than GameStop.

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