GLOBAL
technology · severity 5
GameStop CEO Ryan Cohen Makes Unsolicited ~$56B Bid for eBay
GameStop CEO Ryan Cohen has made an unsolicited approximately $56 billion offer to acquire eBay, telling the Wall Street Journal he intends to take the offer directly to shareholders if the company's board is not receptive. Cohen has framed the bid as an effort to make eBay a legitimate competitor to Amazon. The move represents an unusually aggressive corporate takeover attempt by the meme-stock era executive.