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Chronicles

The story behind the story

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eBay's stock jumps 5% to $109.33, below GameStop's $125/share acquisition offer, in a sign investors see hurdles to completing a deal; GameStop stock drops 10%

Meme Stock GameStop Pitches $56 Billion eBay Takeover  —  Video Player is loading.  —  Unmute  —  Current Time 0:00 Loaded: 36.28% Playback Rate

Bloomberg

Discussion

  • @business @business on x
    GameStop will offer $125 in cash and stock per eBay share in a takeover proposal valued at about $56 billion, the Wall Street Journal reported, citing an interview with GameStop Chief Executive Ryan Cohen https://www.bloomberg.com/...
  • @theseouldan @theseouldan on bluesky
    Hurdle, presumably, being that the GameStop CEO is a pump and dump scammer [embedded post]
  • Steve Tadelis Steve Tadelis on linkedin
    When I was at eBay nearly 15 years ago, the company had extraordinary assets: scale, data, and a leading marketplace, but it lacked a clear playbook for turning those into adjacent growth. …
  • @ryancohen Ryan Cohen on x
    Proposal to acquire eBay. https://investor.gamestop.com/ ebay
  • @danprimack Dan Primack on x
    This @SquawkCNBC interview with Ryan Cohen is wild. @andrewrsorkin is asking him a 3rd grade math question and he keep pretending they're asking him an advanced calculus equation.
  • @wallstrollup @wallstrollup on x
    Andrew Ross Sorkin challenged GameStop CEO Ryan Cohen on how $GME has enough financing to acquire $EBAY [video]
  • @squawkcnbc @squawkcnbc on x
    “We are offering half cash, half stock, and we have the ability to issue stock in order to get the deal done,” says $GME CEO @ryancohen on offering a bid for @eBay. Watch the full interview: https://www.cnbc.com/... [video]
  • @joshuahlipton Josh Lipton on x
    This is so awesomely awkward and uncomfortable, it actually transcends business news and becomes performance art
  • @mikeisaac Rat King on x
    the number of headlines taking him seriously has been surprising his proposed ebay takeover bid is 6x the marketcap of gamestop & he has offered zero details on financing or whether LBO backers are even interested its's like if i announced “im buying ebay” in a tweet
  • @rmac18 Ryan Mac on x
    The plan? Offer half cash and half stock on live television and say nothing else.
  • @mikeisaac Rat King on x
    this feels very shaky. activist playbook to make a lot of noise through the press on friday after market close then your actual (less than 10 percent) stake filing is disclosed on a monday where i agree with cohen is that ebay has been terribly managed for like, more than a [imag…
  • @buttfarm69 @buttfarm69 on x
    @ryancohen YES RYAN YES OMFG I'M SO STOKED FOR THIS!!! One of Ebay's biggest issues is scams that run rampant on the platform. Using GameStop's physical locations as a pickup/dropoff and authentication hub for high value items would add so much value and security to the user proc…
  • @swamiknows_ Swami on x
    The key component is what share price from GME is calculated in the offer. If around $25 as Michael Burry has noted, that is about 1.1B new shares. That would bring the total shares to 1.5B not including the warrants, bonds, or Ryan Cohen's compensation package. If the
  • @boilerpaulie Paul Branham on x
    PROJECT SLING [image]
  • @reesepolitics @reesepolitics on x
    GameStop with extreme volatility in overnight trading, gapping up past $28 amid EBAY rumors $GME [image]
  • @jake__wujastyk Jake Wujastyk on x
    $GME #GameStop The breakout has started. Who knows where it goes from here, but if I were simply looking at technicals, my target is $31.25 with a potential overshoot to $34.50-$36. [image]
  • @jpatrades @jpatrades on x
    GameStop just offered me $10 trade in credit for a $60 game eBay worth at least $750 a share
  • @apompliano Anthony Pompliano on x
    Here we go. WSJ reporting Gamestop $GME has built a ~ 5% stake in eBay and is offering $125 a share in cash and stock. (20% premium to Friday close price). @ryancohen thinks Ebay can become a much larger competitor to Amazon. Cheering for Ryan and Gamestop here.
  • @kobeissiletter @kobeissiletter on x
    BREAKING: GameStop, $GME, is offering to buy eBay at $125/share per WSJ. This would be a ~20% premium to eBay's closing price on Friday, meaning an implied market cap of $55 billion. That's nearly 5 times the market cap of GameStop.
  • @deitaone @deitaone on x
    *GAMESTOP OFFERING TO BUY EBAY FOR $125 A SHARE: WSJ
  • @parikpatelcfa @parikpatelcfa on x
    GameStop will now own eBay all because some guy called Roaring Kitty posted about the stock on Wall Street Bets in 2020
  • @shieldmetax Shield on x
    They said GameStop was done. They shorted it into the ground. Then GameStop acquired eBay. The most shorted stock on earth just turned into a loaded gun. The shorts haven't figured out what just happened yet. 2021 was a glitch. This is the sequel nobody saw coming. [video]
  • @gatorgar @gatorgar on x
    I will fight this with every fiber of my being. eBay is a staple of the secondhand market. Gamestop paid staff to break PS2 games in half and throw them away to artificially inflate the value of used games. We cannot let @gamestop ruin eBay. This is a threat to every hobby.
  • Emma McCulloch Emma McCulloch on linkedin
    If you're ever in doubt about the value of Corporate Communications professionals guiding CEOs, the importance of clear messaging for broadcast intreviews …
  • Andrew Nemeth Andrew Nemeth on linkedin
    Today's news about GameStop proposing to acquire eBay at $125 per share feels surreal in a positive way. …
  • Lauren Thomas Lauren Thomas on linkedin
    Now it's official: I spoke to GameStop CEO Ryan Cohen exclusively about why he's making a $56 billion offer for eBay. …
  • @petertl Peter Thal Larsen on bluesky
    Every stock market cycle gets the dumb deal it deserves.  And boy do we deserve this one: a $56 billion leveraged buyout offer from a meme stock whose CEO's big idea seems to be canceling eBay's marketing budget.  —  www.reuters.com/business/gam...
  • @thereverended @thereverended on bluesky
    I do not want to be the bank holding that paper!
  • @angrydonkeynews @angrydonkeynews on bluesky
    Damn Gamestop, I didn't know you rolled liked that  —  GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says  —  www.wsj.com/business/dea...
  • @wario64 @wario64 on bluesky
    WSJ: GameStop Is Offering to Buy eBay for $56 Billion ($125 a share)  —  Cohen - “EBay should be worth—and will be worth—a lot more money.  I'm thinking about turning eBay into something worth hundreds of billions of dollars.”  —  Cohen has commitment letter from TD Bank to provi…
  • r/GameStop r on reddit
    eBay Confirms Receipt of Unsolicited Proposal from GameStop
  • r/worldnews r on reddit
    GameStop makes $55.5bn takeover offer for eBay
  • r/MediaMergers r on reddit
    GameStop Offers to Buy eBay for $56 Billion
  • r/gme_meltdown r on reddit
    GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
  • r/DeepFuckingValue r on reddit
    GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
  • r/GME r on reddit
    GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
  • r/Superstonk r on reddit
    [confirmed] GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
  • r/technology r on reddit
    GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
  • r/StockMarket r on reddit
    GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
  • r/gamingnews r on reddit
    GameStop stock sinks after surprise eBay takeover bid, CEO Ryan Cohen's combative CNBC interview