๐จ Markets are shocked by GameStopโs eBay bid
$GME is down while $EBAY surged after GameStop reportedly offered $125/share to acquire eBay.
๐ฃ Why traders are stunned:
โข GameStop market cap: ~$12B
โข Proposed eBay deal value: ~$56B
โข eBay itself worth roughly ~$46B
๐ Investors are buying eBay expecting a possible takeover premium if the deal moves forward.
eBay confirmed it received the proposal and says the board will review it.
Ryan Cohen says discussions are still in the very early stages.
#GameStop #eBay #GME #Stocks #markets
$GME is down while $EBAY surged after GameStop reportedly offered $125/share to acquire eBay.
๐ฃ Why traders are stunned:
โข GameStop market cap: ~$12B
โข Proposed eBay deal value: ~$56B
โข eBay itself worth roughly ~$46B
๐ Investors are buying eBay expecting a possible takeover premium if the deal moves forward.
eBay confirmed it received the proposal and says the board will review it.
Ryan Cohen says discussions are still in the very early stages.
#GameStop #eBay #GME #Stocks #markets