EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted its growth.
GameStop CEO Ryan Cohen said he will continue doing whatever it takes to buy eBay. CNBC's skeptical interviewers "misunderstood" his deal math in his now-viral "Squawk Box" appearance, he said.
Michael Burry explained on his Substack why he sold out of GameStop this week. The "Big Short" investor was hoping CEO Ryan Cohen would strike a less debt-heavy and dilutive deal.
GameStop CEO Ryan Cohen claims that eBay suspended his account. Cohen listed some of his personal items on eBay in a publicity stunt after submitting an unsolicited bid to acquire the company.