Ryan Cohen Claims Financing to Acquire eBay for $56bn
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- Ryan Cohen says he has the financing to acquire eBay, even though GameStop is valued at roughly $11bn.
- Cohen previously told CNBC that GameStop was offering “half cash, half stock” for a $56bn eBay purchase.
- GameStop is valued at about $11bn, far smaller than the $56bn price tag Cohen eBay.
- Cohen told the TBPN podcast that any financing shortfall would be covered by shareholders rolling their equity into the merged company.
- Shareholders would roll their equity into the combined GameStop‑eBay entity, according to Cohen.
Why it matters: If Cohen's plan proceeds, eBay's board faces a hostile bid while GameStop shareholders must roll their equity into a merged firm, effectively reshaping ownership of both companies and potentially altering the strategic direction of the combined entity in a market where GameStop is valued at $11bn and eBay at $56bn.
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