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‘EBay Is Not Happy With Me,’ GameStop CEO Says
GameStop chief executive Ryan Cohen says he has the financing to acquire eBay, one day after repeatedly telling CNBC that the video game retailer was offering “half cash, half stock” to buy the e-commerce company for $56 billion.
Cohen’s viral comments on the cable channel drew questions about how GameStop, valued at around $11 billion, could afford to take over a much larger company. In an interview with the TBPN podcast Tuesday, Cohen said that any financing gap would be resolved by a rollover of shares into the merged GameStop-eBay entity.
“The rest would be [shareholders] rolling the equity into the combined company,” he said.
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