Ryan Cohen urges eBay board to allow vote on $56 billion bid
Ryan Cohen urged eBay to let shareholders evaluate his $56 billion bid. He criticized leadership and signaled he will take further steps to win the company.
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GameStop Corp-Class A CEO Ryan Cohen urged the board of EBAY INC on Wednesday to reconsider his $56 billion unsolicited takeover proposal. The bid values the e-commerce platform at $125 per share, representing a premium for a company currently valued at $50 billion. Investors are monitoring whether Cohen will launch a proxy fight to force a deal that the target board has labeled non-credible.
