NEW YORK, May 13 – The chief executive of GameStop, Ryan Cohen, delivered a message to eBay’s leadership on Wednesday, arguing the online marketplace shouldn’t turn down his massive $56 billion acquisition offer without proper consideration and that investors should have the opportunity to review it.
In correspondence addressed to eBay’s board chairman, Cohen indicated he had sought a meeting with the company’s directors, but his request was turned down, according to the letter obtained by Reuters.
Cohen’s communication came just one day following eBay’s Tuesday decision to turn down his combined stock and cash acquisition bid.
