The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 3, GameStop CEO Ryan Cohen announced that the company offered to acquire eBay for $125 per share in a cash and stock deal. GameStop has built a roughly 5% stake in eBay according to Cohen's statements. The acquisition offer represents a roughly 20% premium over eBay's closing price on Friday. On May 4, Michael Burry sold all his GameStop shares.