Ryan Cohen, CEO of GameStop, says he is selling products on eBay as a way to raise money related to his proposed takeover of eBay. Bloomberg reports that Cohen is selling items on eBay “one pair of socks at a time” to help fund the proposed acquisition, which it describes as a roughly $56 billion bid. The Guardian similarly reports that Cohen opens or uses an eBay storefront to sell a range of items, including vintage video games, baseball cards, GameStop merchandise, and a high-priced pair of tube socks priced at about $14,000. Both outlets tie the selling activity to Cohen’s earlier proposal to acquire eBay, with The Guardian characterizing the offer as about $55.5 billion. Neither account provides detailed information about the full funding structure or how the raised proceeds would specifically be applied, and The Guardian notes uncertainty about the source of the funds. The reporting focuses on Cohen’s stated intention and his use of eBay as the sales channel rather than on any confirmed agreement or regulatory approval for the takeover.
Ryan Cohen says he is selling items on eBay to help fund a possible takeover
Ryan Cohen, CEO of GameStop, says he is selling products on eBay as a way to raise money related to his proposed takeover of eBay. Bloomberg reports that Cohen is selling items on eBay “one pair of so...
- Ryan Cohen says he sells items on eBay to raise money tied to a proposed eBay acquisition.
- Reported offers for eBay are around $55.5 billion to $56 billion.
- Items Cohen lists include vintage video games, baseball cards, and GameStop merchandise.
- One reported listing is a $14,000 pair of tube socks sold via eBay.
- The reported coverage notes uncertainty about the overall source and funding structure beyond Cohen’s selling activity.
Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclearGameStop CEO Ryan Cohen said he is selling vintage video games, baseball cards, GameStop merchandise and a $14,000 pair of tube socks to help fund the company’s proposed $55.5bn acquisition of eBay.His platform of choice? eBay, of course. Continue reading...
3 months agoGameStop Corp. Chief Executive Officer Ryan Cohen is raising money to help pay for his proposed $56 billion takeover of eBay Inc., one pair of socks at a time.
3 months ago
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