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GameStop Corp. (NYSE:GME) is back in focus Monday after the company disclosed a 9.8% stake in eBay Inc. (NASDAQ:EBAY) on Friday, reigniting attention on its pursuit of the e-commerce platform.
Ryan Cohen has never been afraid of taking on larger rivals. He transformed Chewy into one of America's biggest online pet retailers, became the architect of GameStop's unlikely revival after the meme-stock frenzy, and has consistently argued that retailers need to reinvent themselves rather than simply chasing scale.
GameStop (GME) disclosed it owns 43.4 million eBay (EBAY) shares, or 9.8% of the e-commerce company, a sharp step up from the roughly 5% economic stake it held
Previewing the week's key earnings, GameStop still has eyes on eBay, and more
Videogame retailer GameStop owns nearly 10% of e-commerce company eBay, the company said in a regulatory filing late on Friday, nearly three months after making an unsolicited offer to buy eBay for roughly $56 billion.
GameStop CEO Ryan Cohen said Thursday (July 16) that the company continues to pursue an acquisition of eBay, Bloomberg reported Thursday. In an interview with Bloomberg TV, Cohen declined to say whether he planned to raise his offer for the company but said “we're coming for eBay one way or another,” according to the report.
Bloomberg's Ed Ludlow breaks down TSMC's results and the company's announcement of a higher commitment for its US buildout. Plus, he speaks with the CEO of autonomous maritime drone company Saronic and Texas Governor Greg Abbott about why Saronic is making a $3.2 billion bet on Texas.
Gamestop CEO Ryan Cohen discusses the company's bid to acquire eBay, financing support for the plan, and how he sees the deal benefitting shareholders. Cohen tells Ed Ludlow, “eBay is a platform that I can build into something much more profitable and much larger.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.