Ryan Cohen lists memorabilia on eBay to press takeover bid
Updated
Updated · Business Insider · May 6
Ryan Cohen lists memorabilia on eBay to press takeover bid
10 articles · Updated · Business Insider · May 6
The GameStop chief said on X he was “selling stuff on eBay to pay for eBay”; a mug topped $3,000 and a Halo statue exceeded $10,000.
Legal experts said the listings are a publicity tactic, not meaningful financing, as Cohen seeks support for a $56 billion unsolicited approach for eBay, which said only that it is reviewing it.
GameStop shares traded about 10% below a recent high after reports of the proposal, while former supporter Michael Burry said he had sold his entire stake.
Is Ryan Cohen's bizarre fundraising a stunt or a real strategy to acquire a company four times GameStop's size?
Can GameStop's retail stores become the physical backbone needed to transform eBay's massive online marketplace?