Ryan Cohen Slams eBay Board After GameStop's $56 Billion Bid Rejected, Says Shareholders Should Vote On His Offer: 'Run By A Bunch Of Losers'

Benzinga05-14

In the letter, Cohen argued that shareholders — not the board — should decide the fate of his $125-per-share bid, Reuters reported. "They should not dismiss a $125 per share proposal without engaging ...

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GameStop's market value is about $10 billion, significantly smaller than eBay's roughly $50 billion valuation, raising concerns over financing and deal feasibility.\nGameStop currently owns about 5% of eBay, limiting Cohen's immediate influence unless he can win broader shareholder backing or expand his stake.\nPrice Action: eBay shares closed Wednesday up 2.36% at $113.01 and edged another 0.14% higher to $113.17 in after-hours trading, while GameStop fell 1.3% to $22.08 and slipped an additional 0.045% to $22.07 after the bell, according to Benzinga Pro.\nAccording to Benzinga Edge Rankings, GameStop ranks in the 74th percentile for Growth. It has negative performance across short, medium and long-term time frames.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto Courtesy: Sergei Elagin on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635615077","isCrawlerRequest":true}