GameStop Corp. (NYSE:GME) CEO Ryan Cohen‘s behavior and bizarre answers raised concerns as he discussed the company’s $56 billion unsolicited bid to acquire eBay Inc. (NASDAQ:EBAY).
Cohen’s distracted, seemingly confused demeanor during the 16-minute CNBC interview on Monday left viewers and hosts perplexed. The CEO called the bid “an opportunity to build a much larger business,” but his lack of eye contact and rapidly changing facial expressions added to the strangeness of the interview.
Cohen’s Awkward Answers
When host Andrew Sorkin asked Cohen to explain the $16 billion gap in proposed financing and the acquisition price for eBay, the CEO responded, “It’s on our website…It’s half cash, half stock.” When pressed again for a detailed answer for viewers, Cohen replied, “We’ll see what happens.”
Sorkin questioned whether there have been direct talks with the company and what progress has been made so far. Cohen answered with a “No.” After a long gap, he added: “We’re just starting.”
Becky Quick took over from Sorkin and precisely asked again where the rest of the money would come from, Cohen snapped, “I don’t understand your question,” followed by an awkward silence. After telling Quick to refer to the website for details, Cohen said the company could issue new stock.
data-variant=”card”
data-news-mode=”manual”
>
This post was originally published here
