Overview
- Cohen told Business Insider he intends to buy eBay and said he wants to run the company, laying out a half-cash, half-stock plan for the roughly $56 billion offer.
- He said GameStop holds about $9 billion in cash and cited TD Bank’s confidence in placing roughly $20 billion in debt to cover the cash portion of the proposal.
- After a skeptical CNBC interview, he leaned into a public push by listing more than 30 gaming collectibles on eBay and posting that he was selling items to pay for eBay.
- He claimed his eBay account was briefly suspended, yet outlets observed his seller page active with 36 listings drawing bids, including a used pair of socks topping $14,000.
- He argued he could lift earnings through cost cuts at eBay, criticized its leadership and culture, and noted the board is reviewing the unsolicited offer as eBay declined comment.