WHAT HAPPENED
GameStop CEO May Pull $56 Billion eBay BidAnyone who took GameStop CEO Ryan Cohen’s bid for eBay seriously should have reconsidered after his CNBC interview with Andrew Ross Sorkin in early May. When Sorkin pressed him on thebasic math, Cohen failed to clearly explain how GameStop could finance the $56 billion deal or make the proposed cash-and-stock structure work. The interview raised more questions than it answered and pointed to the inevitable conclusion:the deal was never likely to happen from the start. Here’s the most contentious part of Ryan Cohen’s CNBC Squawk Box interview about the GameStop-EBAY acquisition. $GMESorkin, at one point is in disbelief at RC’s repetitive answering to his question.
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