GameStop (NYSE:GME) submitted an unsolicited US$56b all stock bid to acquire eBay, which eBay's board rejected as neither credible nor attractive. eBay cited concerns about financing, execution risk, and corporate governance, while GameStop has requested an increase in authorized shares, drawing attention to how any large deal might be funded. High profile investor Michael Burry exited his entire position in GameStop after the bid surfaced, adding to questions about the company’s direction...

