GameStop quiere comprar eBay y eBay dice que eso no va a suceder ni en sueños

Ryan Cohen, owner of GameStop, has been claiming for a few days his intention to buy eBay for 56 billion dollars. Given that the total value of GameStop does not exceed 6 billion dollars and they generate less than 3.8 billion dollars in annual gross revenue, this seemed like a completely unrealistic possibility. Something that has been confirmed at eBay in the most brutal way possible: by saying that they do not consider it possible or realistic. In fact, those have been the almost literal words from Paul Pressler, the chairman of eBay’s shareholder board. “We have considered that your proposal does not

Ryan Cohen, owner of GameStop, has been claiming his intention to buy eBay for $56 billion for a few days now. Given that the total value of GameStop does not exceed $6 billion and they generate less than $3.8 billion in annual gross revenue, this seemed like a completely unrealistic possibility. Something that has been confirmed by eBay in the most brutal way possible: saying that they do not consider it possible or realistic.

In fact, those have been the almost literal words of Paul Pressler, the chairman of the eBay shareholders’ board. “We have considered that your proposal is neither credible nor attractive” in one of the most forceful statements in the history of public negotiations. Continuing with a direct “the board, with the help of independent advisors, has studied your proposal and has decided to reject it.”

A baseless movement

This should not surprise us, because eBay is a giant worth over 17 million dollars, generating more than 11 million dollars annually. Thus quadrupling the value of GameStop.

Does this mean that Ryan Cohen is going to give up his dream of buying eBay and creating the ultimate competitor to Amazon? It doesn’t seem likely. The possibility of a hostile takeover still exists on paper. Even if it’s just to declare his intention, even if it’s impossible. But for now, it doesn’t seem like we’re going to hear more about the eBay matter.

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Author: Álvaro Arbonés

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