Ryan Cohen’s GameStop Corp. (NYSE:GME) has proposed a $55.5 billion takeover of online marketplace eBay Inc. (NASDAQ:EBAY), but prediction market traders aren’t buying the CEO’s “We’ll see what happens” pitch.
The $125-per-share cash-and-stock offer represents a 46% premium to eBay’s Feb. 4 close, the day GameStop began building its 5% stake.
GameStop has a $20 billion “highly confident letter” from TD Securities, though that falls short of fully committed financing.
Polymarket Pegs Long Odds On The Deal
Polymarket traders are giving the deal just a 16% chance of closing on its “Will GameStop acquire eBay?” market.
Kalshi sits a touch higher at roughly 20%.
The skepticism reflects basic arithmetic.
GameStop’s roughly $12 billion market cap is less than a quarter of eBay’s $46 billion valuation, raising questions about the dilution …
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