GameStop (GME) CEO Cohen hit back at eBay's (EBAY) rejection of his USD 56bln long-shot bid to buy the online marketplace, doubling down on threats to launch a hostile takeover, according to FT

Cohen's insistence on a hostile takeover of eBay signals a strong commitment to expanding GameStop’s footprint in e-commerce, despite the challenging reception from eBay's board. This move might stir volatility in both companies’ shares and raise questions about regulatory hurdles or strategic responses from eBay, making it crucial to monitor reactions in the retail sector and broader market sentiment.