> GameStop, which had a market value of around $11 billion [...] EBay is several times GameStop’s size, with a market value around $45 billion as of Friday’s close.<p>> Details of the potential offer for eBay couldn’t be learned.<p>This appears to be an attention stunt, of which Cohen has done a few since GME became a meme stock.
I’ve searched the net to find the example, but I remember this happening during the dot com era too…<p>Some unknown tiny company made an offer to takeover Yahoo (or some similar company)… the tiny company made headlines for a moment then disappeared again.<p>It was an example of dot com silliness.<p>Can’t for the life of me remember, and Google can’t seem to either.
Maybe but we have a recent sample of Paramount ($12b) acquiring WB ($62b).
KMart famously aquired the much larger Sears (and then destroyed it)
That would be more accurately described as Larry Ellison (~$200b) acquiring WB.
Besides the Larry Ellison, Trump, and Middle East backing, Paramount and WB's businesses have synergy.<p>Gamestop and eBay have no synergy. Gamestop can't possibly run eBay better than eBay's current management. It's a meme stock looking to make noise so they can get a higher stock price, and then unload their shares onto the public market to raise cash.<p>GME has 3x'ed their shares outstanding since Covid.<p><a href="https://www.macrotrends.net/stocks/charts/GME/gamestop/shares-outstanding" rel="nofollow">https://www.macrotrends.net/stocks/charts/GME/gamestop/share...</a>
In that case though Paramount offloaded 25% to foreign wealth funds and had Larry Ellison willing to provide guarantee on(according to google) almost $50b of debt.<p>Ryan Cohen is rich but he's not that rich.
> an attention stunt, of which Cohen has done a few since GME became a meme stock<p>What would be these few attention stunts he did?
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Ryan Cohen rarely does interviews & Lauren Thomas is one of the few journalists he agreed to speak to, they had an interview earlier this year - <a href="https://www.wsj.com/finance/stocks/gamestop-ceo-plans-e8440c4b" rel="nofollow">https://www.wsj.com/finance/stocks/gamestop-ceo-plans-e8440c...</a><p>If you check eBay & GME's stock prices after the announcement, the market seems to think there are at least serious discussions here if not more.
Time ticks for everyone... One day some company will be buying the remains of Amazon.
History rhymes, same playbook as <a href="https://en.wikipedia.org/wiki/MCI_Inc" rel="nofollow">https://en.wikipedia.org/wiki/MCI_Inc</a>.
Best I can do is three dollars
so price manipulation
Bed Bath and Beyond preparing offer for Costco /s