Ryan Cohen is the boss of Gamestop. Gamestop sells video games. He makes an offer to buy Ebay. He offers 56 billion dollars for it.
Ryan Cohen plans many job cuts at Ebay. Ebay has 12,300 workers today. He thinks this is too many. He says: Too many workers make a company slow. He wants to save costs. Ebay should work better this way.
Ryan Cohen wants to lead Ebay himself. He wants to create a big rival for Amazon. Gamestop is smaller than Ebay. The payment for the purchase is not clear yet. A part is cash. The other part is stocks. Ryan Cohen led the company Chewy before.
