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Ryan Cohen

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GameStop CEO Declares Physical Games Irrelevant To Its Future
business1 month ago

GameStop CEO Declares Physical Games Irrelevant To Its Future

GameStop CEO Ryan Cohen dismissed Sony’s plan to phase out physical discs, arguing that physical media and software are no longer central to the business and that collectibles and hardware drive most revenue; in Q1 2026 collectibles accounted for about 41.8% of revenue with hardware and accessories near 40%, while software was the smallest slice. Cohen also emphasized his push to merge with eBay to create a much larger business, and the stock market largely shrugged off the digital shift as the retailer pivots toward non-software revenue streams.

via GameSpot|
#business#collectibles#digital-shift
GameStop CEO Declares Physical Games Irrelevant, Eyes $1 Trillion via eBay Merger
business1 month ago

GameStop CEO Declares Physical Games Irrelevant, Eyes $1 Trillion via eBay Merger

GameStop CEO Ryan Cohen says the end of physical game discs is totally irrelevant to the company’s future, highlighting a pivot toward collectibles like Funko Pops and trading cards where game sales are a minority of revenue. With about 18% of revenue from games and 41% from collectibles, Cohen has pushed for a $55 billion bid to acquire eBay, arguing a GameStop–eBay merger could become a $1 trillion business, even as GTA 6’s digital-only trajectory raises questions about used-game sales.

via Kotaku|
#business#ebay#gamestop
GameStop CEO Drops $35B Bonus to Chase eBay Bid
industry-news2 months ago

GameStop CEO Drops $35B Bonus to Chase eBay Bid

GameStop CEO Ryan Cohen reportedly forfeits a $35 billion incentive tied to boosting the company's value to focus on pursuing an acquisition of eBay, a plan eBay has said is not credible or attractive. The move comes after Cohen’s leadership shift and while GameStop sees improved quarterly results, it has also shuttered stores and cut jobs, leaving investors wary amid ongoing stock volatility.

via Kotaku|
#acquisition#ebay#gamestop
Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid
business3 months ago

Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid

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.

via Business Insider|
#auctions#business#collectibles
Cohen Dismisses eBay, Proposes Live Shopping Overhaul
market-news3 months ago

Cohen Dismisses eBay, Proposes Live Shopping Overhaul

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.

via TipRanks|
#e-commerce#ebay#gme
eBay Rejects Ryan Cohen's $55.5B Takeover Bid, Citing Six Strategic Concerns
business3 months ago

eBay Rejects Ryan Cohen's $55.5B Takeover Bid, Citing Six Strategic Concerns

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.

via Business Insider|
#business#corporate-governance#ebay
Cohen Says He Isn’t Passionate About GameStop, Eyes eBay Takeover
business3 months ago

Cohen Says He Isn’t Passionate About GameStop, Eyes eBay Takeover

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.

via Kotaku|
#acquisition-bid#business#ebay
Cohen eyes eBay leadership with GameStop bid, pledging to run the company
business3 months ago

Cohen eyes eBay leadership with GameStop bid, pledging to run the company

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.

via Business Insider|
#business#cost-cutting#ebay
Cohen’s eBay bid hits turbulence as suspension claim and auctions surface
business3 months ago

Cohen’s eBay bid hits turbulence as suspension claim and auctions surface

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.

via Gizmodo|
#business#e-commerce#ebay
Cohen's eBay Auction Sparks Vault Relics Controversy
news3 months ago

Cohen's eBay Auction Sparks Vault Relics Controversy

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.

via Kotaku|
#ebay#game-informer#gamestop
GameStop CEO Sells Memorabilia on eBay to Back $125-a-Share Bid for eBay
business3 months ago

GameStop CEO Sells Memorabilia on eBay to Back $125-a-Share Bid for eBay

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.

via GameSpot|
#business#buyout#debt-financing
Cohen's CNBC Moment: A Visual Breakdown of a Baffling Interview
business3 months ago

Cohen's CNBC Moment: A Visual Breakdown of a Baffling Interview

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.

via Business Insider|
#business#cnbc#ebay