GameStop’s bid headlines Cohen again: the Chewy cofounder-turned-Gamestop investor helped turn meme-stock fame into a sprawling retail-tech saga.
eBay has rejected GameStop CEO Ryan Cohen’s unsolicited $125-per-share offer — about $55.5bn — after its board has reviewed the proposal and found uncertainty in financing, added leverage and operational risks. GameStop has built roughly a 5% stake in eBay and has signalled it will consider taking the offer directly to shareholders.