Michael Burry exited his entire position in GameStop (GME), reversing his earlier bullish stance as the company’s proposed acquisition of eBay (EBAY) raises concerns over rising debt and long-term financial health. GameStop (GME) shares fell 10% on ...

GameStop shares fell over 10% after CEO Ryan Cohen sidestepped questions on funding its $55.5 billion bid for eBay. The proposed half-cash, half-stock deal faces a funding gap despite planned debt and cash use.

GameStop (GME) tumbles 10% as Michael Burry exits completely, warning that Ryan Cohen's $56B eBay bid relies too heavily on debt and stock dilution.

Analysts questioned whether GameStop could afford the acquisition.

Analysts question the feasibility of this long-shot bid by the video game retailer to acquire the much larger online marketplace.

GameStop made a takeover bid for eBay, offering $125 per share in a cash-and-stock deal that values the e-commerce platform at roughly $55.5 billion.