GameStop Corp. Ryan Cohen suggested during a CNBC interview on Monday that the company could potentially issue more stock in order to acquire eBay Inc.
"We are just starting. For obvious reasons, eBay is a public company, there's all kinds of perverse financial incentives from the board to the management team. So there’s only one way to approach something like this ... We are offering half cash, half stock, and we have the ability to issue stock in order to get the deal done," he commented.
While eBay is yet to give any opinions on the matter, Cohen previously stated that he would take the offer directly to the shareholders should he be rejected. According to information from the Baha Wealth Terminal, GameStop's current market cap stands at $11.9 billion, while eBay's is at $46.2 billion, almost four times higher.
https://breakingthenews.net/Article/CEO:-GameStop-may-issue-more-stock-to-buy-eBay/66209500
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