The eBay CEO will receive a golden parachute of over $100M if he leaves the company, is Ryan Cohen planning to leverage their own greed against them to take control of the company? $GME $EBAY
Here’s a quick recap of what went down today:
GameStop dropped an 8-K filing and Ryan Cohen had a new interview on the All-In Podcast, further outlining his vision to acquire eBay.
8-K Filing:
- GameStop's Board removed the CEO Performance Award from its proxy at Ryan Cohen's request, ensuring leadership stays entirely focused on the eBay bid.
- GameStop will release additional materials regarding its proposed acquisition of eBay this week.
All-In Podcast:
- RC revealed he is personally putting up $500 million of his own capital into eBay.
- RC outlined his 3-prong plan for eBay:
1) Aggressive Cost-Cutting
2) Live Commerce
3) Digital Gaming Marketplace
"There's a lot of different escalation paths that we have in our toolkit." -RC
$GME $EBAY
NEW 🚨
RYAN COHEN NEW INTERVIEW WITH ALL IN. COHEN SAYS THEY ARE ABOUT TO REVEAL SOMETHING THE WORLD WILL NEVER FORGET
LINK BELOW
https://t.co/X13dUJd144
Ryan Cohen: "I would use eBay to provide liquidity for in-game digital items and i believe that adressable market could be much larger than eBay's marketplace on physical items and no one is doing it. This should already exist. And it's crazy that it doesn't exist."
Ryan Cohen says he's putting in $500M of his own money into the $GME $EBAY deal and also addresses the media hate towards GameStop in newest interview 👀
BREAKING:
Ryan Cohen revealed for the first time that he is going to put $500M of his own capital into the $EBAY bid
He also revealed that he has spoken to institutional investors prior to the upcoming Schedule TO from $GME
The fact that GameStop moved its annual shareholder meeting from June 8th to July 7th while simultaneously increasing its economic exposure to $EBAY to 9.7% and that Ryan Cohen has re-registered the Teddy trademarks while taking the website and books offline is very concupiscent
Ryan Cohen announces $GME bought more eBay common stock by quoting Dumb & Dumber.
The number of eBay shares held by Gamestop has increased from 2,480,467 to 4,343,725, while the put/call exposure remains unchanged at 39,046,658.
I'm confident Ryan Cohen anticipates a strong catalyst for $GME GameStop very soon that will make the eBay deal a lot more lucrative for their institutional shareholders 👀
"It's not a denial..."
GameStop CEO Ryan Cohen confirms he is seriously considering a hostile takeover of eBay.
📺https://t.co/zpzxpvZc5d
@piersmorgan | @ryancohen
New Ryan Cohen interview
CNBC flew out Andrew Ross Sorkin on damage control while Ryan conducts his interview from that same room, in his same clothes and no underwear on