Michael Burry exits GameStop position after eBay takeover bid
Updated
Updated · Bloomberg · May 4
Michael Burry exits GameStop position after eBay takeover bid
15 articles · Updated · Bloomberg · May 4
In a Monday Substack post, the Big Short investor said he had sold his entire stake after GameStop offered about $56 billion in cash and stock for eBay.
GameStop shares fell more than 2% in postmarket trading as Burry made the sale his first since launching the blog.
Earlier, Burry had said he might sell some or all of his holding, calling the proposed deal overpriced, debt-heavy and strategically unconvincing.
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