NEW RYAN COHEN INTERVIEW WITH BUSINESS INSIDER ๐งต
Ryan Cohen says he never wanted to be CEO of GameStop.
Instead, he says he dreams of helming eBay and thinks he has a real shot at achieving that goal, despite critics' claims that the e-commerce giant is beyond his reach.
"I'm going to continue doing whatever I need to do in order to buy the business," the GameStop CEO told Business Insider in a phone interview on Friday. "I'm going to make myself CEO of both."
Cohen surprised Wall Street earlier this week when he disclosed that GameStop had made an unsolicited bid of about $56 billion for eBay, which has a market value more than three times its size. He raised eyebrows again on Monday when he appeared on CNBC's "Squawk Box," during which the hosts openly doubted whether the company could afford eBay and responded to his remarks with exhalations and chuckles.
"I'm not sure whether their questions were sincere or not," said Cohen, adding that he laid out a clear explanation of how he would finance a deal for eBay. "I don't know what is so complicated for them to figure it out."
A CNBC spokesperson said the "Squawk Box" interview "speaks for itself."
Sep 20, 2023 โข 7 tweets โข 2 min read
Overstock completed their transition into $BBBYQ within 14 hours. BUYBUYBABY still haven't. Why?
Because the deal wasn't done and a spin-off/carve out of BABY is in progress, this is how $BBBYQ shareholders WILL WIN.
Please retweet this thread for other $BBBYQ investors.
I detailed yesterday a summary of legal fees and services for the month of August.
Three Senior Vice Presidents at AlixPartners with experience in "Turnaround & Restructuring Services" were billed for a total of 864.2 hours