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Ryan Cohen’s GameStop makes surprise $55.5, 56B bid for eBay

financeMay 4, 202619593

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.

Culture Crave 🍿
@culturecrave.co

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)

2803d ago
⛧ Infamous the Incubus ☕ 🏳️‍🌈 🌳 ⛧115

GameStop you literally don't have that money eBay could buy YOU

sam-mayday-malone.bsky.social45

Money 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.

Anarchohobbyism12

Can’t wait to see how they destroy eBay like they destroyed their own business ….

Escarietson8

Honestly, 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)6

GameStop shouldn’t be buying anything

Robert Edward Fettuccine Jr5

Didn't they just go bankrupt

Mz Mea5

Lortd, give me the self-confidence of a mediocre white businessman.

Pon 📸5

You went down 13 percent

Joe (in Erie)4

An IOU for 30 trillion dollars and I will buy America. No guarantee I will pay it back.

PPL Comics4

Knowing Gamestop, he'll only pay about 15% what it's worth then try to sell it for full price.

Velvet Vixen ♡3

That's a bold move for GameStop, especially with all that borrowing. 🤯

pokemario2401.bsky.social2

Should be the other way around if anything

Alan Jagolinzer
@jagolinzer.bsky.social

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-...

822d ago
Little Gee is Big Mad Right Now27

Was 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.

Morsley18

This 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 2.899

I would be extremely concerned about the longevity of my career if this guy were my CEO.

Spinoza at a bad dinner party.7

They 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.social5

If eBay sells, I’m not buying anything from a company this dude owns.

recklesscoder3

That thing talking is AI.

Jerry Nevins3

Wow. 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.

FolkloricAcid3

Have 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 McLannahan3

Alan you heard the guy, the details are on the website

Brightmarsh2

That 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

Inhumanronin.bsky.social
@inhumanronin.bsky.social

I am really failing to see what gamestop even would have to offer ebay in improving their value and standing

993d ago
David Lazarus
@davidlaz.bsky.social

Coming up on #KTLA: Meme-stock GameStop makes a $56 billion offer for Ebay in hopes of turning it into a new Amazon. That lofty goal notwithstanding, GameStop has nowhere near enough money to fund the acquisition

392d ago
Polygon
@polygon.com

Ryan Cohen gives CNBC one of the worst interviews of the year by refusing to answer any questions, even as hosts push him to say more.

182d ago
Ryan T. Brown 🎮🩷
@toadsanime.lostincult.co.uk

GameStop has now formally bid $55.5 billion to acquire eBay. The retailer says it has a $20bn loan commitment, and will take the offer directly to shareholders if eBay rejects it. CEO Ryan Cohen says it will allow eBay to become a legitimate competitor to Amazon. (Read more at Financial Times)

An image of the oustide of a GameStop store front, with the camera looking up and focusing on the GameStop logo sign above the doors
152d ago
rockinchimp 🏳️‍🌈🏳️‍⚧️🇵🇸9

Taking on $20bn in debt will likely lead to higher prices for customers/sellers and job layoffs.

ʤack6

i'm really surprised at this, i would have thought it more likely that eBay would acquire GameStop and not the other way around!

Steve Herman
@newsguy.bsky.social

WSJ - GameStop Chief Executive Ryan Cohen says he's making an unsolicited offer to buy eBay for about $56 billion. www.wsj.com/business/deals/ga...

53d ago
Bgrahamdisciple
@bgrahamdisciple.bsky.social

I just happened to turn on CNBC just now and Cohen is on to talk about the GameStop offer for eBay. Has Ryan Cohen always been a moron or is he just acting like an unprepared douchebag right now?

92d ago
The Jimmy2

Yes! He's also a scumbag asshole who created alot of bag holders during that gamestop short squeeze with his buddy roaring kitty. He's also a proud trump bootlicker

Cecilia D'Anastasio
@cecianasta.bsky.social

New: GameStop CEO Ryan Cohen wants to "save the American economy from mediocrity." How does his $56 billion bid for eBay -- MANY times GameStop's size -- play into that plan? Analysts say the math doesn't math, but Cohen seems unphased. www.bloomberg.com/news/article...

52d ago
Luke Kawa
@ljkawa.bsky.social

GameStop submits offer to buy the much, much larger eBay for $55.5 billion $GME $EBAY sherwood.news/markets/game...

52d ago
Flingjore
@flingjore.com

GameStop issues an unsolicited $56 billion bid to acquire eBay, offering $125 per share. CEO Ryan Cohen seeks to challenge Amazon by integrating eBay’s marketplace with GameStop’s retail stores. EBay shares surges 13% after hours despite skepticism over the deal's feasibility.

42d ago
SlavaUkraini033
@slavaukraini033.bsky.social

GameStop CEO Ryan Cohen has made an unsolicited $56 billion offer to acquire eBay, proposing $125 per share in a bid to build a major e-commerce rival. The proposal includes a 20% premium, a 5% equity stake, & $20 billion in secured financing, targeting a company roughly four times GameStop’s size.

63d ago
Doug Henwood
@doughenwood.bsky.social

What a world. Short Squeez: "GameStop is preparing a bid for eBay as Ryan Cohen pushes to turn the retailer into a $100B juggernaut. Pickleball Inc. raised a record $225M from Apollo and Dundon."

52d ago
The Rebecca (IQ = 277 (real)(not fake))
@s666132.bsky.social

Forget GameStop, I am personally offering to buy eBay for $5. I understand this is slightly less than GameStop’s offer but please consider that I really really reaaaallly love eBay and as we all know, love solves everything

33d ago
Justin Jones
@justin-jones.bsky.social

What an idiot. The fuck could this dumbass possibly offer eBay. I know for a fact I've bought more GAMES from eBay in the past 3 years than I have from GAMEstop. I haven't entered a GameStop in over 3 years! What for? Funkopops?! Used game sold for $65. What can they possibly offer anyone?

53d ago
2 sources
bloomberg.comGameStop's Cohen Sees New Target and Big Possible Payday in eBayreut.rsGameStop's meme bid for eBay appraises poorly

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