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Ryan Cohen criticised eBay's management while praising the company's business potential.
Ryan Cohen has built a 5% stake in eBay and may call a special shareholder meeting.
KEY POINTS
- GameStop's $56 billion bid for eBay includes $20 billion debt financing from TD Bank, contingent on an investment-grade rating.
- eBay rejected the bid citing doubts over financing, long-term growth, and combined management structure.
- Moody's said the deal would be credit negative for eBay and unlikely to achieve investment-grade status.
COMPANIES
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