A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here.
New York —
It’s not just in your head: GameStop’s pursuit of eBay doesn’t seem to make a lot of sense.
ICYMI: The video game retailer on Sunday made an unsolicited offer to buy eBay, a company nearly four times bigger than GameStop, for $55.5 billion, or $125 a share — a 20% premium to eBay’s Friday closing price. GameStop said the deal would be financed 50-50 in cash and stock. (That’ll become important later, stand by.)
Ebay said it was reviewing the offer.
