Ryan Cohen struggles to explain funding for eBay takeover
Financial markets were left reeling Monday after GameStop CEO Ryan Cohen appeared on CNBC’s "Squawk Box" to defend a surprise $55.5 billion offer for e-commerce giant eBay.
The discussion lasting for about 16 minutes turned into a sequence of dodging tactics due to one apparent mistake, namely that GameStop’s current market capitalisation is estimated at only $11.9 billion, meaning a considerable deficit in the suggested offer.
Cohen's Sunday........
