Ryan Cohen Says He ‘Isn’t Passionate’ About GameStop As He Makes Desperate Bid For eBay

Ryan Cohen said he was not passionate about GameStop and preferred eBay, even as he pushed a bid to buy the company.

He reportedly sought to finance a $56 billion takeover with a mix of cash and stock, but lacked the assets to make it work.

The plan faces steep hurdles: GameStop is under pressure from retail decline and store closures, while eBay is not distressed enough to invite a takeover.

The story underscores the gap between Cohen’s acquisition ambitions and the financial reality at GameStop.