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Investing.com141d agoneutral
GameStop CEO Ryan Cohen banned from eBay after takeover bid stunt

The suspension comes days after GameStop announced an unsolicited $56 billion bid to acquire eBay for $125 per share in cash and stock, despite GameStop’s market capitalization of just $11.29 billion. Cohen had listed items that accumulated tens of thousands of dollars in bids before the suspension, with a GameStop mug reaching over $3,000 and a Master Chief statue exceeding $10,000. Each listing included a hand-signed copy of Cohen’s takeover proposal letter to eBay management.

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EBay Shouldn’t Sell to GameStop. That’s the Advice of This Famous Investor.
Barrons.com141d agobearish
EBay Shouldn’t Sell to GameStop. That’s the Advice of This Famous Investor.

GameStop CEO Ryan Cohen has a bold plan to buy eBay, a much larger company than his. And he’s offering a lot of money—$56 billion, or $125 a share. There’s the rub: eBay stock is hovering around $108, a sign that Wall Street doubts Cohen can pull off the deal. Prominent money manager Bill Smead, whose firm has been an eBay stakeholder for nearly 20 years, is skeptical, too.

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