Ryan Cohen details $56 billion bid for eBay and attacks management
Updated
Updated · Business Insider · May 9
Ryan Cohen details $56 billion bid for eBay and attacks management
11 articles · Updated · Business Insider · May 9
In a Friday phone interview, the GameStop chief said $9 billion cash and about $20 billion in TD Bank-backed debt would fund the cash portion.
He said eBay shareholders would get $28 billion in cash and roll the rest into a combined company, which he argued would boost earnings through cost-cutting.
Cohen said he wants to run eBay rather than GameStop, accused eBay leaders of complacency and stock-selling, and the company has said it is reviewing the unsolicited offer.
Can a declining GameStop acquire a profitable eBay three times its size without collapsing under the massive debt required?
Is Ryan Cohen's plan a visionary rescue for eBay, or will his aggressive cost-cutting destroy its profitable turnaround?