GameStop CEO Ryan Cohen: EBay 'Needs to Be on Ozempic-It's Literally Obese' -- WSJ

Dow Jones05-13

By Lauren Thomas

GameStop CEO Ryan Cohen isn't giving up on his quest to buy eBay, even after his unsolicited $56 billion takeover proposal was rejected earlier this week.

EBay "needs to be on Ozempic-it's literally obese," Cohen said in an interview with crypto influencer Anthony Pompliano that was published online Wednesday. "It's extremely overweight, to an unhealthy degree."

Cohen went on to explain why he wants to own eBay, including big cost-cutting opportunities he says he is eyeing. Earlier this month, he made his audacious takeover offer public and said he planned to pull off the massive deal using half cash and half stock. EBay on Tuesday said its board rejected Cohen's bid, calling it "neither credible nor attractive" and citing uncertainty around financing.

Cohen told Pompliano that eBay's rejection Tuesday was largely anticipated. "It's not attractive to the board and the management team because we would be getting rid of the board and management team," he said.

Without getting into specifics, Cohen added "we are going to do everything we need to do" to make a deal for eBay happen.

EBay shares were up around 1% Wednesday morning, while GameStop fell about 1%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 13, 2026 10:44 ET (14:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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