eBay Rejects GameStop’s $56 Billion Takeover Proposal as Shares Slide
eBay rejected GameStop’s unsolicited $56 billion takeover proposal, sending GameStop shares lower as investors questioned the feasibility of the deal.
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eBay rejected GameStop’s unsolicited $56 billion takeover proposal, sending GameStop shares lower as investors questioned the feasibility of the deal.
Michael Burry sold his GameStop stake after Ryan Cohen’s proposed $55.5 billion eBay deal raised concerns over leverage. The investor warned against relying on debt-driven strategies.
GameStop stock swung after CEO Ryan Cohen’s interview on a proposed $55.5 billion eBay deal failed to clarify financing. Investors questioned a reported $16–20 billion funding gap.
GameStop has made a $55 billion bid to acquire eBay at $125 per share, signaling an aggressive move to expand into e-commerce.
Michael Burry released a 2019 exchange with Roaring Kitty showing both believed GameStop was severely undervalued long before the 2021 meme rally.