GameStop CEO Evaluates Next Move After eBay Rejection
Following the rejection of an unsolicited 56 billion dollar bid, GameStop CEO Ryan Cohen is exploring options such as a tender offer or proxy fight to gain control of eBay. While analysts remain skeptical of the financing for the deal, Cohen continues to build economic exposure to the e-commerce firm.
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GAMESTOP CORP-CLASS A CEO Ryan Cohen is pursuing an unsolicited $56 billion takeover of EBAY INC despite a formal board rejection. Cohen offered $125 per share using $9.4 billion in cash reserves and $20 billion in debt financing. The bid tests Cohen's ability to leverage retail investor support against institutional giants like BLACKROCK INC.
