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The Guardian - US
The Guardian - US
Technology
Gaya Gupta

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

GameStop eBay Ryan Cohen CNBC Video Game
A screen with eBay's logo against a white background with GameStop's logo
GameStop’s most recent market valuation was about $12bn as of Friday – a fraction of eBay’s worth of $46bn. Photograph: Samuel Boivin/NurPhoto/Shutterstock

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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