GameStop CEO Ryan Cohen said he will continue doing whatever it takes to buy eBay. CNBC's skeptical interviewers "misunderstood" his deal math in his now-viral "Squawk Box" appearance, he said.
GameStop CEO Ryan Cohen claims that eBay suspended his account. Cohen listed some of his personal items on eBay in a publicity stunt after submitting an unsolicited bid to acquire the company.
Earlier this week, GameStop made a bold offer to buy eBay for $56 billion. The video game retailer said that it has lined up a $20 billion financing commitment from TD Securities.
Early May has been busy and turbulent for the online marketplace eBay (NASDAQ: EBAY) and the video game retailer GameStop (NYSE: GME), as the latter launched an unsolicited bid to acquire the former.
GameStop buying eBay makes some strategic sense, given its ties to the collectibles market. However, the deal would essentially just create a highly leveraged eBay with some physical stores.
GameStop CEO Ryan Cohen was deemed the 'Meme King' during the company's 2021 stock rally. The CEO is now on a public pressure campaign to take over eBay, the online marketplace.