$EBAY - RYAN COHEN PUSHES eBAY BID DESPITE REJECTION Ryan Cohen says he remains committed to acquiring eBay, despite the board rejecting Ga…
$EBAY - RYAN COHEN PUSHES eBAY BID DESPITE REJECTION
Ryan Cohen says he remains committed to acquiring eBay, despite the board rejecting GameStop’s offer as “not credible.” He told Barron’s he may take the bid directly to shareholders and argues the deal would unlock value through cost cuts and synergies in collectibles and e-commerce. GameStop now holds a 7.8% stake in eBay. Cohen says eBay is “underearning” and insists he can improve profitability significantly.
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