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00:03GameStop CEO Ryan Cohen said he wants to acquire eBay and transform the company under an owner-operator
00:09model, according to comments made on Anthony Pompliano's podcast. Cohen said, GameStop
00:15proposed buying eBay for $125 per share in a half-cash, half-stock deal backed by about $9
00:22billion in cash and a $20 billion financing commitment. Cohen said, eBay is under-earning
00:29and argued he could improve profitability and grow the business long-term. He criticized
00:34eBay's expense structure and said he is committed to $2 billion in cost cuts. eBay rejected the
00:40proposal and called it not credible or attractive. Cohen said he plans to continue pushing the
00:46proposal directly to shareholders. Shares were down by 1.07% at $22.13 in pre-market trading
00:55on Thursday, according to Benzinga Pro. For all things money, visit Benzinga.com.
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