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GameStop Just Bid $56 Billion for eBay. What is ACTUALLY Going On????
Send us Fan Mail 🚨 EMERGENCY EPISODE: GameStop just made an unsolicited $56 billion bid for eBay, and the math is NOT mathing. After watching CEO Ryan Cohen's bizarre live CNBC interview with Andrew Ross Sorkin (where he kept deflecting questions with answers like "it's on the website"), we hit *record* immediately to break this down.Kristen, our resident investment banking, PE, and M&A expert, walks through why this deal defies the laws of physics:The offer: $125/share, half cash, half stock — roughly $56bn totalGameStop's market cap: under $11bnCash needed: $28bn (GameStop has $9bn on hand…
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