GameStop CEO's comment may have been the catalyst in eBay's stock soaring to its highest point yet.
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GameStop CEO's comment may have been the catalyst in eBay's stock soaring to its highest point yet.
Wall Street’s chat rooms can’t stop talking about GameStop (NYSE:GME) after Ryan Cohen’s $56 billion offer for eBay (NASDAQ:EBAY) sent the meme crowd into another frenzy. But here’s what you should actually be watching. The eBay bid is theater dressed up as strategy. Polymarket traders price the odds of GameStop actually closing the deal at ... Forget GameStop: This Stock Is A Much Better Buy
GameStop CEO Ryan Cohen isn’t giving up on his quest to buy eBay, even after his unsolicited $56 billion takeover proposal was rejected earlier this week. EBay “needs to be on Ozempic–it’s literally obese,” Cohen said in an interview with crypto influencer Anthony Pompliano that was published online Wednesday. Cohen went on to explain why he wants to own eBay, including big cost-cutting opportunities he says he is eyeing.
Felix Salmon called Ryan Cohen’s bid for eBay largely posturing dressed up as M&A. The math agrees. GameStop (NYSE:GME) carries a market cap of roughly $10.25 billion and is offering $125 per eBay share in a 50% cash, 50% stock structure that would require something like $28 billion in cash against $9 billion on the ... Felix Salmon Says GameStop’s $54 Billion eBay Bid Is Mostly a Stunt. Ryan Cohen Wins Either Way.
GameStop needs a lot of help if it wants to buy eBay. The video game retailer’s stock has lost more than $20 billion in value since their 2021 peak.
GameStop jumped, then reversed lower, after cryptic Keith Gill posts appeared and disappeared in postmarket trading.
GameStop’s stunning $56 billion bid for eBay may never close, but Wedbush says the move could put eBay in play for a more credible buyer.
GameStop wants to acquire eBay. If GameStop issues more shares, short traders could be circling the waters.
Michael Burry dumped his GameStop shares over the eBay dealing, warning "never confuse debt for creativity.”
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