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Ryan Cohen Slams eBay Board After GameStop's $56 Billion Bid Rejected, Says Shareholders Should Vote On His Offer: 'Run By A Bunch Of Losers'
Key takeaways
- One day after e Bay Inc. dismissed the $56 billion takeover proposal as "neither credible nor attractive," Game Stop Corp.
- In the letter, Cohen argued that shareholders — not the board — should decide the fate of his $125-per-share bid, Reuters reported.
- "They should not dismiss a $125 per share proposal without engaging on its substance," Cohen wrote, adding that eBay shareholders "deserve the opportunity to evaluate" the economics of the deal.
Ryan Cohen Slams e Bay Board After Game Stop's $56 Billion Bid Rejected, Says Shareholders Should Vote On His Offer: 'Run By A Bunch Of Losers' Ananya Gairola Mon, May 18, 2026 at 5:30 AM GMT+7 7 min read EBAY GME Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
One day after e Bay Inc. dismissed the $56 billion takeover proposal as "neither credible nor attractive," Game Stop Corp. CEO Ryan Cohen fired back in a letter to Chairman Paul Pressler and in an interview with Piers Morgan, criticizing management and signaling he may intensify his efforts.
In the letter, Cohen argued that shareholders — not the board — should decide the fate of his $125-per-share bid, Reuters reported.
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