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Barchart
Will Ashworth

Share Repurchases and More Gains Ahead: The Bullish Price Surprise in Fox Stock Is Worth a Second Look Here

Fox Disney Lachlan Murdoch Rupert Murdoch eBay Entertainment FOXA Fox News GameStop

In the least surprising news of the day, Bloomberg reported that eBay (EBAY) has rejected GameStop's (GME) $56 billion takeover offer.

As someone said about the cash-and-stock deal, the stock portion would require GameStop to issue $28 billion in shares to pay for it. The video game and collectibles retailer’s stock is currently worth $10.3 billion. Forget the debt component; the stock portion of the transaction screamed dead on arrival. 

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