Ryan Cohen refuses to back down on his eBay takeover bid. After rejection, GameStop’s CEO explains why the deal makes sense for shareholders and how he plans to unlock eBay’s full potential.
GameStop reports record Q1 2026 net income of $389.6 million and approves a $2 billion share repurchase program. Sales up 14% to $835M, driven by collectibles.
GameStop raised its eBay stake to 6.55% using cheap options after a $55.5B bid was rejected, aiming to gain influence.
eBay rejected GameStop’s $56B takeover offer, saying it’s risky, not realistic, and could hurt its growth and add too much debt.
Ryan Cohen’s evasive CNBC appearance goes viral as Michael Burry dumps his entire GME stake. Analysts skeptical on financing and execution.
Ryan Cohen promises $2B in cost cuts and huge growth.
