""EBay should be worth-and will be worth-a lot more money," Cohen said. "I'm thinking about turning eBay into something worth hundreds of billions of dollars.""
"Cohen argues that GameStop's 1,600 US locations could serve as local hubs for item authentication, intake, fulfillment, and live commerce, providing eBay with essential physical infrastructure."
""It could be a legit competitor to Amazon," Cohen said, emphasizing the potential of the merger to challenge existing e-commerce giants."
"Cohen stated, "There is nobody who is more qualified, based on my experience, to run the eBay business," highlighting his confidence in leading the company."
Ryan Cohen, CEO of GameStop, has made a $55.5 billion unsolicited offer to acquire eBay, proposing $125 per share. This offer represents a 46% premium over eBay's recent closing price. GameStop has built a 5% stake in eBay and is filing necessary notifications. Cohen envisions combining GameStop's physical stores with eBay's extensive buyer base to create a competitive commerce platform. He believes this merger could significantly increase eBay's value and position it as a strong competitor to Amazon.
Read at TechRepublic
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