eBay Lifts Ban on Ryan Cohen and Spurns GameStop’s $55B Offer
eBay lifted its sanctions on activist investor Ryan Cohen’s account, restoring his access to platform features. The company formally rejected GameStop’s $55 billion takeover proposal, citing unworkable financing terms and lack of strategic appeal.
1. eBay Restores Ryan Cohen’s Account
eBay removed restrictions on Ryan Cohen’s account today, reversing sanctions imposed during his proxy activism and board engagement. The move restores his full trading and messaging privileges on the platform and signals a reset in relations.
2. eBay Rejects $55 Billion Bid
eBay’s board unanimously dismissed GameStop’s $55 billion takeover proposal as neither credible nor attractive, pointing to unworkable financing terms and strategic misalignment. The decision ends the unsolicited bid and underscores eBay’s commitment to its existing growth plan.