GameStop’s $56B eBay bid falters as CEO Ryan Cohen can’t explain financing, triggering a 17% stock plunge and investor skepticism.
Key takeaways
- GameStop CEO Faces Scrutiny Over $56 Billion eBay Acquisition Financing
- GameStop’s $56 billion offer to buy eBay rattled the Street, but CEO Ryan Cohen’s inability to clarify how he’d fund the deal sent shares sliding. Pressed by analysts ...
- The company announced its all-cash bid late Tuesday, blindsiding investors and eBay’s board. Within hours, GameStop stock dropped 17% in after-hours trading, while eBa...
- The timeline is aggressive: GameStop wants an answer from eBay’s board by the end of the month. But with no clear financing structure and a market cap under $10 billio...
👉 Read the full breakdown on MLXIO
Canonical source: https://mlxio.com/business/gamestop-ceo-dodges-56b-ebay-bid-financing
