GameStop Makes Its Play

$56 Billion for eBay, Makes Perfect Sense

Makes perfect sense.

Never confuse debt for creativity.

When hundreds of billions are on the table, bet on craven greed.

So the rumor was confirmed less than 48 hours after it was leaked.

The Wall Street Journal reports GameStop is offering to buy eBay for $56 billion.

Again, as you know, I have written extensively about GameStop, including just Saturday, when I speculated as to what the deal might look like.

The three times before that: The Big Short Squeeze, Final Stop GameStop, and in a Short Thoughts February 2nd. So much for that.

Now we have more information. The offer is $56 billion, 50% cash and 50% stock.