GameStops

GameStop’s Activist Investor CEO Ryan Cohen Makes $56B Bid for eBay

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The activist investor aims to apply the cost-cutting playbook to eBay’s ongoing turnaround. Courtesy GameStop Ryan Cohen, the billionaire activist investor and CEO of GameStop, has made a $56 billion bid to acquire eBay, marking his most ambitious deal to date. In a letter sent yesterday (May 3), GameStop offered $125 per share in a … Read more

EBay pops 6% as GameStop’s Ryan Cohen makes unsolicited $56B offer to buy company

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eBay shares rose 6% in Monday trading after GameStop CEO Ryan Cohen made an unsolicited $56 billion offer to buy the company — and claimed he had a plan to turn the company into “something worth hundreds of billions of dollars.” The company’s valuation currently stands at about $48.8 billion after shares rose on Monday. … Read more