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The company’s CEO, Jim Stubbs Ryan Cohen, said that eBay stopped counting the crowd two days after the company announced its $56 billion takeover bid for the shopping platform. The ban will be reactivated later.
This move came after Cohen started selling his personal possessions on the Etababa page to express his position. View this step as a public lecture on the hostile nature of the takeover attempt.
نازم كوهين مزادً لمقتنياهته للتمويل عرض الإستØوائ العدائي
Show personal used goods on the seller’s page. It included a pair of socks and described it as a rug from Jim Stob’s store. He shared the auction link with his followers in a post on X.
This offer came after Jim Stubb made a surprise offer worth $125 per share to buy on eBay, with the structure of the offer being half in cash and half in equity Jim Stob. This price is a 20% premium over the previous eBay closing level, and 46% above eBay closing and 46% above the closing price.
Cohen defends that the combined company can compete with Amazon by using more than 1 meter and 0 stops to receive and verify.
I’ll put the suspension at risk for the community
The notice of suspension sent by Ebay confirmed that Cohen’s account was “suspended temporarily, and it was exposing the Ebay community to danger”, according to a screenshot shared by Cohen on the radio, when he activated his account, which now shows a 100% positive rating.
This conflict represents the most public point of conflict so far in the campaign Jim Stob to force the transaction. eBay’s board of directors has so far refused to negotiate the offer. Cohen indicated his readiness to put the proposal directly in front of shareholders.
Rising questions about financing with falling stocks
Jim Stobb’s shares fell 10% after the offer was revealed, raising questions about Cohen’s financing. The company obtained a letter of financing worth 20 billion dollars from Bank TD. However, the market value of the company is only about 11 billion dollars compared to the previous price of about 56 billion dollars. Jim Stubb currently owns a 5% economic share in Ebay.
It was sold by investor Michael Bury, who took a buying position in it Jim Stob In January, each share is the day after the announcement of the offer. The next test is to find out what if the eBay board of directors was previously there pregnancy more.
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