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%
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Discussion
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@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/...
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@theseouldan
@theseouldan
on bluesky
Hurdle, presumably, being that the GameStop CEO is a pump and dump scammer [embedded post]
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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. …
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@ryancohen
Ryan Cohen
on x
Proposal to acquire eBay. https://investor.gamestop.com/ ebay
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@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.
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@wallstrollup
@wallstrollup
on x
Andrew Ross Sorkin challenged GameStop CEO Ryan Cohen on how $GME has enough financing to acquire $EBAY [video]
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@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]
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@joshuahlipton
Josh Lipton
on x
This is so awesomely awkward and uncomfortable, it actually transcends business news and becomes performance art
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@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
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@rmac18
Ryan Mac
on x
The plan? Offer half cash and half stock on live television and say nothing else.
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@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…
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@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…
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@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
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@boilerpaulie
Paul Branham
on x
PROJECT SLING [image]
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@reesepolitics
@reesepolitics
on x
GameStop with extreme volatility in overnight trading, gapping up past $28 amid EBAY rumors $GME [image]
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@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]
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@jpatrades
@jpatrades
on x
GameStop just offered me $10 trade in credit for a $60 game eBay worth at least $750 a share
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@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.
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@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.
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@deitaone
@deitaone
on x
*GAMESTOP OFFERING TO BUY EBAY FOR $125 A SHARE: WSJ
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@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
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@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]
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@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.
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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 …
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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. …
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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. …
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@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...
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@thereverended
@thereverended
on bluesky
I do not want to be the bank holding that paper!
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@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...
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@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…
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r/GameStop
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on reddit
eBay Confirms Receipt of Unsolicited Proposal from GameStop
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r/worldnews
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on reddit
GameStop makes $55.5bn takeover offer for eBay
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r/MediaMergers
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on reddit
GameStop Offers to Buy eBay for $56 Billion
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r/gme_meltdown
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on reddit
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
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r/DeepFuckingValue
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on reddit
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
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r/GME
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on reddit
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
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r/Superstonk
r
on reddit
[confirmed] GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
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r/technology
r
on reddit
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
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r/StockMarket
r
on reddit
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says
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r/gamingnews
r
on reddit
GameStop stock sinks after surprise eBay takeover bid, CEO Ryan Cohen's combative CNBC interview