Ryan Cohen Slams eBay Board After GameStop's $56 Billion Bid Rejected, Says Shareholders Should Vote On His Offer: 'Run By A Bunch Of Losers'

One day after eBay Inc. (NASDAQ:EBAY) dismissed the $56 billion takeover proposal as "neither credible nor attractive," GameStop Corp. (NYSE:GME) CEO Ryan Cohen fired back in a letter to Chairman Paul Pressler and in an interview with Piers Morgan, criticizing management and signaling he may intensify his efforts.
Cohen Challenges eBay Leadership After Rejected Buyout Offer
In the letter, Cohen argued that shareholders — not the board — should decide the fate of his $125-per-share bid, Reuters reported.
"They should not dismiss a $125 per share proposal without engaging on its substance," Cohen wrote, adding that eBay shareholders "deserve the opportunity to evaluate" the economics of the deal.
Ryan Cohen Positions Himself As Shareholder-Focused Alternative
Cohen, who built a loyal followi