GameStop shares fall 10% after CEO skirts questions over eBay acquisition details

1 month ago 6

Rommie Analytics

Ryan Cohen said he didn’t understand questions about how the video games retailer could afford its $55.5bn bid

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GameStop’s shares fell more than 10% on Monday as questions emerged about how the company would finance its surprise $55.5bn bid for eBay.

In an interview with CNBC, Ryan Cohen, GameStop’s CEO, skirted repeated inquiries about how the video games retailer could afford the deal, saying he didn’t understand the questions.

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