Ryan Cohen’s GameStop makes surprise $55.5, 56B bid for eBay
Ryan Cohen's GameStop offered $56 billion in cash and stock to acquire eBay in an unsolicited takeover bid. GameStop is far smaller than eBay, yet eBay shares jumped before Monday's market open after the proposal. Cohen would swap GameStop shares for eBay equity and pursue about $2 billion in cost cuts, a combination critics call risky given GameStop's market valuation. If eBay's board engages, the deal could reshape online commerce and set a precedent for takeover attempts led by meme-stock investors rather than traditional strategic buyers.
GameStop CEO says he's making an offer to buy eBay for $56B “There is nobody who is more qualified, based on my experience, to run the eBay business" He’d be borrowing over $20B to help make the deal happen (via WSJ)
⛧ Infamous the Incubus ☕ 🏳️🌈 🌳 ⛧115GameStop you literally don't have that money eBay could buy YOU
sam-mayday-malone.bsky.social45Money makes no sense anymore Go to any local gamestop , those places are dead. These people have no money And yet they're borrowing to buy eBay ? This economy is based on so much fraud . If we had laws with teeth and an honest govt, these people would be in prison.
Anarchohobbyism12Can’t wait to see how they destroy eBay like they destroyed their own business ….
Escarietson8Honestly, eBay should buy GameStop instead since they have better management and a lot more money than the former, and also has a much better head on their shoulders.
Ghost of Tuvix (Revived)6GameStop shouldn’t be buying anything
Robert Edward Fettuccine Jr5Didn't they just go bankrupt
Mz Mea5Lortd, give me the self-confidence of a mediocre white businessman.
Pon 📸5You went down 13 percent
Joe (in Erie)4An IOU for 30 trillion dollars and I will buy America. No guarantee I will pay it back.
PPL Comics4Knowing Gamestop, he'll only pay about 15% what it's worth then try to sell it for full price.
Velvet Vixen ♡3That's a bold move for GameStop, especially with all that borrowing. 🤯
pokemario2401.bsky.social2Should be the other way around if anything
This is almost an SNL skit. Question of the year: “How does the math math?” @cnbc.com Squawk Box interview of the Game Stop CEO. m.youtube.com/watch?v=NxD-...
Little Gee is Big Mad Right Now27Was he high during that interview? And who are his media advisors? Clearly he was not prepped for that interview — or maybe he’s one of those arrogant AF CEOs who believe they know all the things and thought he could handle it. He made a fool of himself big time.
Morsley18This is the most underwear gnomes interview I’ve seen in a while. Is this the CEO of GameStop or the manager of a GameStop?
Beef Supreme 2.899I would be extremely concerned about the longevity of my career if this guy were my CEO.
Spinoza at a bad dinner party.7They won’t even be bothered to properly obfuscate their market manipulation and chicanery. They say they’re gonna do a takeover, Ebay stock goes up, Gamestop’s current shares in ebay are worth more. Maybe if there’s enough hype saudi arabia, uae, or some other low info investor jumps aboard.
loves2write.bsky.social5If eBay sells, I’m not buying anything from a company this dude owns.
recklesscoder3That thing talking is AI.
Jerry Nevins3Wow. That was a lot of unpreparedness in a lot of areas to have a CEO fumble an interview this bad. It’s like the Underpants Gnomes went out on live TV with no PR prep.
FolkloricAcid3Have y'all heard about the GameStop cult that thinks they're the next Amazon? And that their CEO is some genius? I'm afraid to check in on how they're reacting to all this 🤦♀️
Ben McLannahan3Alan you heard the guy, the details are on the website
Brightmarsh2That is actually insane. I have 0 confidence in this guy. How are you going to pull this off is the most basic question gamestop needs to answer. If you cant answer the questions dont make the announcement and certainly dont spring it on ebay and the public. Jfc what a mess
