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Why is GameStop’s stock crashing again, and what’s the fate of its crypto holdings?


Why is GameStop’s stock crashing again, and what’s the fate of its crypto holdings?

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AI Overview

GameStop proposes a ~$56B cash-and-stock takeover of eBay while GameStop's market cap is under $12B, creating a major valuation and financing gap. Traders are selling GME as the deal looks hard to finance, raising fundraising, dilution and execution risk and prompting negative market impact (keywords: fundraising, market impact).

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GameStop Corp. (NYSE: GME) is falling again because its new plan is not small nor easy to finance. The retailer wants to buy eBay Inc. (NASDAQ: EBAY) in a cash-and-stock deal worth about $56 billion, while GameStop itself is worth less than $12 billion. That is why traders are not treating this like a clean...
Read the article at CryptoPolitan

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In This News

Coins

$ 0.000476

-5.12%

$ 0.00...635

-10.6%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

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