#ryancohen

The Copenhagen Post | Game retailer eyes eBay to build Amazon rival by Ritzau AI generated summary, Read the full article for complete information. The American retailer GameStop has proposed buying eBay for roughly $56 billion, with CEO Ryan Cohen saying he plans to turn the auction site into a direct rival to Amazon and pursue a future valuation in the hundreds of billions; he argues that merging the two companies would cut costs, boost efficiencies and create a powerful new player in the e‑commerce market. Read more: https://cphpost.dk/2026-05-04/news/round-up/game-retailer-eyes-ebay-to-build-amazon-rival/ #GameStop #eBay #Amazon #RyanCohen #Chewy

BBC News | GameStop offers to buy eBay for $56bn AI generated summary, Read the full article for complete information. GameStop announced a $56 billion (£41 billion) unsolicited takeover bid for eBay, valuing the e‑commerce platform at $125 per share—about 20 % above its closing price. CEO Ryan Cohen, who also co‑founded Chewy, said GameStop holds roughly a 5 % stake in eBay and sees the acquisition as a way to turn eBay into a much larger competitor to Amazon. The proposal includes a commitment from TD Bank for about $20 billion in debt financing, and GameStop, currently valued at about $11.9 billion, aims to make further details public. eBay’s shares rose more than 13 % in after‑hours trading following the news. Read more: https://www.bbc.com/news/articles/cn0p8yled1do?at_medium=RSS&at_campaign=rss #GameStop #eBay #RyanCohen #Amazon #WallStreet