According to PolyBeats monitoring, on the prediction market Polymarket, 2 new accounts have collectively wagered $4,400 on "Will GameStop acquire eBay?", with an average buy-in probability of 16.0%. The current probability for "Yes" is 16.5%.
On the 3rd day, GameStop confirmed that it had submitted a non-binding offer to acquire 100% of eBay at $125 per share, valuing the total undiluted equity at approximately $55.5 billion. On the 12th day, eBay's board formally rejected GameStop's non-binding acquisition proposal, stating in a letter to GameStop CEO Ryan Cohen, "We have concluded that your proposal is neither credible nor attractive."
Today, 2 hours ago, Reuters reported that Ryan Cohen, after eBay rejected his $56 billion bid, did not walk away but wrote to eBay's board, stating that the directors should not dismiss the $125 per share acquisition proposal without substantive engagement; he also said that eBay shareholders should have the right to assess the deal, with the actual quotes being "They should not reject a $125-per-share bid without engaging with its specifics" and "eBay's own shareholders should have an opportunity to assess it".
Accounts:
0x85b5c15d27fa92b5c5114aef7ad51df05fd2d45f
0x6dee457e49a58484563c9b8f0ffefedae95013e9
Total Investment: $4.4k
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