GameStop CEO Ryan Cohen has hit back at eBay's board after they rejected his $56 billion takeover proposal. In a letter to eBay's chairman and an interview with Piers Morgan, Cohen insisted that eBay shareholders deserve to evaluate his $125 per share offer. He criticized eBay's management as "losers" and pledged to continue his pursuit of acquiring the e-commerce giant.

Cohen contrasted his compensation approach with eBay CEO Jamie Iannone's $144 million compensation package, noting he draws no salary and has invested $128 million in GameStop stock since 2020. The billionaire investor also revealed he had requested a meeting with eBay's board but was rejected. eBay's EBITDA margin of 31% significantly outpaces GameStop's 10%, creating questions about the strategic rationale.

With GameStop owning a 5% stake in eBay, analysts speculate Cohen might attempt to call a special shareholder meeting or elect directors more favorable to his proposal. Cohen emphasized that eBay's board "has a job to do their best for shareholders and engage on this," suggesting he could take further action if they continue to dismiss his offer without substantive discussion.