Ryan Cohen, the unpredictable king of the meme-stock era, has set his sights on his next project: a huge leveraged buyout.
The GameStop chief executive is seeking to engineer a deal in which the shrinking video-game retailer buys online marketplace eBay for $56bn in cash and stock.
For Cohen, who made billions during the meme stock boom, pulling off the deal looks a tough ask. GameStop’s $11bn market capitalisation is a fraction of eBay’s and the financing required to get the deal done is far from secure. The gulf between the two companies is not just one of valuation, but also of stability and predictability.
But while the unconventional deal may appear a long shot, people who have dealt with GameStop’s boss say it is a ‘quintessential’ Cohen move.
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Ryan Cohen, the unpredictable king of the meme-stock era, has set his sights on his next project: a huge leveraged buyout.
The GameStop chief executive is seeking to engineer a deal in which the shrinking video-game retailer buys online marketplace eBay for $56bn in cash and stock.
For Cohen, who made billions during the meme stock boom, pulling off the deal looks a tough ask. GameStop’s $11bn market capitalisation is a fraction of eBay’s and the financing required to get the deal done is far from secure. The gulf between the two companies is not just one of valuation, but also of stability and predictability.
But while the unconventional deal may appear a long shot, people who have dealt with GameStop’s boss say it is a ‘quintessential’ Cohen move.
**Read more,** [**here**](https://www.ft.com/content/f8e4b918-0b10-45ce-bf22-777c5a7dc1e5?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f)**.**