Ryan Cohen on eBay acquisition
From GAMESTOP CEO RYAN COHEN INTERVIEW WITH ANTHONY POMPLIANO · · Roaring Cory
“It's a business that I understand it's the second largest e-commerce asset in the United States. Uh, and it's a business that is under earning and it's a business, frankly, where I can go in and I can make a really big impact in terms of the profitability in the short term, but more important in the long term. It's something where I want to run eBay. I want to own eBay. I want uh I want eBay to be to be a much much larger business.”
On , Ryan Cohen, Co-Founder at Chewy, spoke about eBay acquisition during GAMESTOP CEO RYAN COHEN INTERVIEW WITH ANTHONY POMPLIANO on Roaring Cory.
About Ryan Cohen
In May 2026, GameStop CEO Ryan Cohen launched a public bid to acquire eBay for approximately $55 billion, offering $125 per share in a half-cash, half-stock structure. Cohen described eBay as the second-largest e-commerce franchise and said he saw an opportunity to "pull costs out of the system" and "accelerate revenue growth." He stated that the combined company could become a competitor to Amazon. Cohen said GameStop had a 5% stake in eBay, making it one of the company's largest shareholders, and argued that eBay's board had a fiduciary duty to evaluate the proposal. Cohen was critical of eBay's management and board, describing them as "employees collecting a paycheck" with "perverse financial incentives." He said eBay's operating expenses of over $5.5 billion on $11 billion in revenue were excessive for an asset-light business and committed to $2 billion in cost cuts. Cohen contrasted this with his own record at GameStop, stating that when he joined the board the company was losing "hundreds of millions of dollars" per quarter and that it had since become profitable, with SG&A reduced by $800 million. He said he had not taken any compensation from GameStop and that he should not be paid "if I don't deliver results." Cohen characterized skepticism about the deal as "positive" and said that if most people think a deal "isn't going to work, it's probably going to work."