Ryan Cohen

Cohen’s $56 Billion eBay Bid Targets Costs, Sellers, and Digital Collectibles

GameStop chief executive Ryan Cohen is pitching a $56bn bid for eBay as an operating turnaround rather than a financial trade. In an All-In interview, Cohen argues that eBay’s marketplace remains valuable but has been mismanaged through weak growth, rising costs and damaged seller relationships, and says GameStop could cut $2bn in expenses while expanding eBay into live commerce and digital in-game collectibles. The fight, in his telling, is over whether eBay shareholders trust incumbent management or an owner-operator offering half cash, half GameStop stock.