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The GameStop-eBay Gambit: A New Era of Meme Commerce
GameStop makes bold $56bn bid for eBay: meme stock power meets online marketplace scale
Today's big story is GameStop making an unsolicited offer to buy eBay for $56bn. GameStop is much smaller than eBay, so this is not a normal takeover bid. Ryan Cohen is trying to turn GameStop into a broader commerce platform by combining eBay's marketplace with GameStop's stores.
Winners:
Takeover Target And Marketplace Re-Rating
eBay is direct winner because the bid is above its recent trading level. Even if the board rejects it, investors may price in a higher offer, activist pressure, or a stronger…
The skinny
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