00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Steve Eisman said eBay would reject GameStop's $56 billion takeover offer and called attention
00:09to the size gap between the companies, according to statements he made on The Real Eisman Playbook.
00:14Eisman said eBay is four times larger than GameStop by market cap.
00:19Michael Burry sold his entire GameStop stake last week and posted
00:22Never Confuse Debt for Creativity on Substack.
00:27Ryan Cohen proposed a half-cash, half-stock deal valued at $125 per share backed by a $20
00:33billion financing letter from TD Securities.
00:37eBay's board questioned whether Cohen could deliver a binding proposal, while Baird analyst
00:42Colin Sebastian said the odds of success were relatively low.
00:46GameStop shares fell almost 8% after the offer, while eBay shares rose more than 5.5%.
00:52For all things money, visit Benzinga.com.
00:56For all things money, visit Benzinga.com.
00:56For all things money, visit Benzinga.com.
00:56For all things money, visit Benzinga.com.
Comments