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Home/Gaming/GameStop CEO Pitches $56B eBay Buyout
VERIFIEDBy Xavier Rivera· ·1 min read

GameStop CEO Pitches $56B eBay Buyout

GameStop CEO Ryan Cohen proposes a $56 billion buyout of eBay at a 20% premium. The bold move aligns with his vision to grow GameStop to $100 billion amid huge personal incentives.

Source:GameSpot
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GameStop CEO Pitches $56B eBay Buyout
TL;DRAI · 60 sec read

GameStop CEO Ryan Cohen proposes buying eBay for $56 billion at $125 per share, a 20% premium over Friday's close, and secures $20 billion debt financing from TD Bank. eBay has not responded. The bid advances Cohen's plan to transform GameStop into a $100 billion company, potentially earning him up to $35 billion in compensation.

GameStop CEO Ryan Cohen proposes acquiring eBay for $56 billion, offering $125 per share in cash and stock—a 20% premium over Friday's close.

In comments to The Wall Street Journal, Cohen asserts, "There is nobody who is more qualified, based on my experience, to run the eBay business." He predicts eBay deserves far higher value and envisions transforming it into a hundreds-of-billions-dollar powerhouse.

GameStop has a $12 billion market cap, versus eBay's $46 billion. Cohen reportedly has lined up $20 billion in debt financing from TD Bank. eBay has offered no response yet, leaving the proposal's odds unclear.
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The Wall Street Journal first reported Cohen's interest Friday, lifting after-hours shares for both stocks. Prices climbed further after the May 3 report.

The bid echoes Cohen's January vow to buy a company and vault GameStop to $100 billion valuation—"genius or totally, totally foolish." His compensation package promises up to $35 billion upon hitting targets like $100 billion market value.
Cohen's leadership stirs controversy, featuring layoffs, store closures, and the sale of Game Informer magazine.
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