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$GameStop (GME.US)$
GameStop bidding for eBay isn't crazy. It's the cleanest M&A thesis on the board.
1/ The Wall Street Journal broke it May 1. GameStop, $12B market cap, is preparing a takeover offer for eBay at $46B, and has been quietly building a stake ahead of the bid. The instinctive reaction is impossible math. The instinctive reaction is wrong.
2/ Start with motive. Ryan Cohen's January compensation package is worth roughly $35 billion. It vests against a $100 billion marke...
GameStop bidding for eBay isn't crazy. It's the cleanest M&A thesis on the board.
1/ The Wall Street Journal broke it May 1. GameStop, $12B market cap, is preparing a takeover offer for eBay at $46B, and has been quietly building a stake ahead of the bid. The instinctive reaction is impossible math. The instinctive reaction is wrong.
2/ Start with motive. Ryan Cohen's January compensation package is worth roughly $35 billion. It vests against a $100 billion marke...
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Morning Movers
Gapping Up
$eBay (EBAY.US)$ increased 7.79% in premarket trading after eBay confirmed receiving an unsolicited proposal from GameStop to acquire it for 125 per share in a cash and stock deal valued around 56 billion.
$GlobalFoundries (GFS.US)$ climbed 4.02% in premarket trading after Cantor Fitzgerald upgraded GlobalFoundries to Overweight and raised its price target to 80.
$Lumentum (LITE.US)$ climbed 4.01% in pr...
Gapping Up
$eBay (EBAY.US)$ increased 7.79% in premarket trading after eBay confirmed receiving an unsolicited proposal from GameStop to acquire it for 125 per share in a cash and stock deal valued around 56 billion.
$GlobalFoundries (GFS.US)$ climbed 4.02% in premarket trading after Cantor Fitzgerald upgraded GlobalFoundries to Overweight and raised its price target to 80.
$Lumentum (LITE.US)$ climbed 4.01% in pr...
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$GameStop (GME.US)$ is trying to buy $eBay (EBAY.US)$ for $56 billion.
Let that sink in. A company worth $12 billion is making an unsolicited offer to buy a company worth $46 billion. Ryan Cohen woke up and chose chaos.
He's already built a 5% stake in eBay quietly. Now he's going public with a $125 per share cash and stock offer, a 20% premium. TD Bank has committed $20 billion in debt financing. He's serious.
His pitch: combine GameStop's physical s...
Let that sink in. A company worth $12 billion is making an unsolicited offer to buy a company worth $46 billion. Ryan Cohen woke up and chose chaos.
He's already built a 5% stake in eBay quietly. Now he's going public with a $125 per share cash and stock offer, a 20% premium. TD Bank has committed $20 billion in debt financing. He's serious.
His pitch: combine GameStop's physical s...
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Key Takeaways:
• Bitcoin Surpasses $80,000
• GameStop Announces $56 Billion Unsolicited Takeover Offer for eBay
• Berkshire Hathaway Reports 18% Operating Profit Increase and $235 Million Stock Buybacks
• Key Earnings: PLTR, ON, etc.
🔔Before the Bell
US futures swung sharply while crude oil surged as tensions escalated in the Middle East.
$E-mini NASDAQ 100 Futures (SEP6) (NQmain.US)$ went down by 0.708%;
$E-mini S&P 500 Futures (SEP6) (ESmain.US)$ went down...
• Bitcoin Surpasses $80,000
• GameStop Announces $56 Billion Unsolicited Takeover Offer for eBay
• Berkshire Hathaway Reports 18% Operating Profit Increase and $235 Million Stock Buybacks
• Key Earnings: PLTR, ON, etc.
🔔Before the Bell
US futures swung sharply while crude oil surged as tensions escalated in the Middle East.
$E-mini NASDAQ 100 Futures (SEP6) (NQmain.US)$ went down by 0.708%;
$E-mini S&P 500 Futures (SEP6) (ESmain.US)$ went down...
2
10baggerbamm : do you not understand that they will be issuing an enormous amount of shares? Do you not understand that this is called dilution?
72119175 : If anything. E-Bay could take over FLEA MARKET GME Pokémon trading cards. and make GME irrelevant!! GME has nothing ebay needs.
LUCKY TRADES : good breakdown.
i don't agree about the paypal aspect.
but very well broken down.
good to see another side to this debate that isn't just "to the moon bro"
Northsea9 : The acquisition is not under pressure! The key lies in the changes post-merger! The crucial point is: the new company will likely see its stock price inflated by short-selling funds, creating a bubble! The performance is unlikely to meet expectations! Similar to a bubble stock! It inflates with a little wind! And bursts with a single prick!