The Dumbest Takeover Bid
About this episode
This episode discusses GameStop's unsolicited $56 billion offer to acquire eBay and the implications of such a move.
GameStop — the meme stock famous for selling physical video game discs to people who no longer buy physical video game discs — has made an unsolicited 56 billion dollar offer to acquire eBay. GameStop is worth approximately 12 billion dollars. The offer is non-binding, the financing includes a highly confident letter from a Canadian bank, and the shares required to complete the deal have not yet been authorised by shareholders. CEO Ryan Cohen went on CNBC on Monday morning to explain how this would all work. He said the details were on the website. We looked at the website. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel: Patreon: https://www.patreon.com/PatrickBoyleOnFinance…
People in this episode
Host: Patrick Boyle
Topics covered
- GameStop
- eBay
- takeover bid
- finance
- investing
- stock market
Keywords
- GameStop
- eBay
- takeover bid
- Ryan Cohen
- finance
- investing
- stock market
- meme stock
Mentioned in this episode
Organizations: GameStop, eBay, CNBC, Patreon, Buy Me a Coffee
Products: Statistics For The Trading Floor, Derivatives For The Trading Floor, Corporate Finance
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