All articles tagged with #ryan cohen
GameStop CEO Ryan Cohen earned $168,421.39 by selling his personal items on eBay for about a week, including a Halo 2 Master Chief statue that fetched $15,100. The stunt accompanied Cohen’s unsolicited bid for eBay, which GameStop rejected, and the total represents a tiny fraction of the proposed deal, with Cohen’s eBay profile briefly suspended due to high-price listings.
GameStop CEO Ryan Cohen attacked eBay’s leadership after they rejected his $55 billion offer, calling the site “stuck in 1995” and accusing its bosses of protecting their own pay with perverse incentives. He argues cost cuts and a pivot to live shopping could make the platform more competitive, while skeptics like Michael Burry question the deal’s math; on Wall Street, EBAY receives a cautious Moderate Buy rating with limited upside amid the controversy.
eBay has rejected Ryan Cohen's unsolicited $55.5 billion bid for the company, saying the proposal is neither credible nor attractive and outlining six factors that informed the decision: standalone prospects, financing uncertainty, impact on long-term growth and profitability, leverage and governance risks of a combined entity, valuation implications, and GameStop’s governance and executive incentives. Cohen has indicated he will continue pursuing the deal. GameStop had proposed a cash-and-stock offer at $125 per share; market moves followed, and there was no immediate comment from GameStop.
GameStop CEO Ryan Cohen says he wasn’t passionate about GameStop and is pursuing a bid to take over eBay, proposing a mix of cash and stock but lacking the cash to fund a roughly $56 billion offer with only about $9.4 billion in assets. He’s begun selling GameStop memorabilia on eBay to raise funds, but the plan faces uphill odds as eBay remains healthy while GameStop continues to struggle with store closures and shrinking international operations.
Ryan Cohen says he intends to buy eBay and become its CEO, outlining a financing plan that uses GameStop’s cash and debt in a roughly $56 billion bid and proposing to split existing shareholders’ proceeds before rolling the rest into a GameStop–eBay merger. He argues cost‑cutting could boost eBay’s profitability and calls out what he sees as weak leadership and culture at eBay. Cohen has framed his personal frugality and public stunts as part of funding the deal, and eBay says it is reviewing the bid.
GameStop CEO Ryan Cohen claimed his eBay account was permanently suspended amid his bid to take over eBay, while he advertised 36 auctions—including retro games, trading cards, memorabilia, and a signed copy of his takeover proposal—to fund the effort; Cohen’s plan envisions GameStop stores as authentication hubs and live-commerce studios, backed by up to $20 billion in debt financing, though investor skepticism persists, with Michael Burry selling his GameStop shares.
Kotaku reports that GameStop CEO Ryan Cohen’s eBay listings include items that appear to be from the Game Informer Vault, the company’s long-shuttered archive; while some listings match Vault artifacts, others do not, prompting critics to call for preserving the Vault’s history rather than auctioning it off. Cohen later said he was suspended from eBay amid the stunt, and GameStop did not comment.
GameStop CEO Ryan Cohen is pursuing a takeover of eBay for more than $50 billion, proposing a $125-per-share cash-and-stock offer funded by about $20 billion in debt and GameStop’s cash. To help finance the bid, Cohen has listed 25 GameStop memorabilia items on eBay, including store signs and a carpet, each with a signed letter about the deal. The move follows his January pledge to seek a company to transform GameStop, and it has stirred market chatter as investors weigh the viability and potential leadership of a combined GameStop-eBay entity.
eBay's board will review Ryan Cohen's unsolicited $56 billion bid, but his awkward CNBC appearance hurt credibility and he has yet to win backing from major investors, leaving the bid largely DOA as shares hover near pre-announcement levels.
Hedge fund investor Michael Burry sold his GameStop stake after Ryan Cohen's hefty eBay bid, underscoring his warning not to confuse debt with creativity.
A visual breakdown of GameStop CEO Ryan Cohen’s CNBC interview about an unsolicited bid to acquire eBay shows a distracted, defensive demeanor and amused host reactions. Cohen repeatedly deflects by saying financing details are on GameStop’s site, cites a roughly $16 billion gap, and hints at a half cash/half stock plan, while questions about growth for a mature business loom throughout the 16-minute segment.
GameStop's Ryan Cohen sidestepped questions about how the company would finance its reported eBay deal, telling reporters that the details are available on the company’s website.
Michael Burry says he will sell at least part of his GameStop stake after the retailer unveiled a $56 billion bid to acquire eBay. While he backs Ryan Cohen’s vision, he argues the price is too high and GameStop would be better off pursuing other targets (like Wayfair) to meaningfully compete with Amazon, warning that the deal’s debt load could hamper competitiveness.
GameStop unveiled a $56 billion cash-and-stock bid to acquire eBay, backed by a reported $20 billion debt financing letter from TD Bank and a 20% premium, but CEO Ryan Cohen dodged how the deal would be funded, saying 'the details are on our website' as investors pushed the stock lower while eBay rose on the proposal; GameStop already holds a ~5% stake in eBay and argues leverage and efficiency would drive value, though no talks with eBay have occurred and a hostile takeover remains a possibility.
eBay shares surged after Ryan Cohen, the GameStop investor, unveiled a $56 billion bid to acquire eBay and take it private, a move that could reshape ownership of the online marketplace and trigger a notable market reaction.