Michael Burry Sells Entire Stake in GameStop Following eBay Acquisition Bid
Michael Burry sold his entire position in GameStop after the company's unsolicited $56 billion bid for eBay, citing concerns over excessive debt levels. The deal would push GameStop’s leverage to 7.7 times EBITDA, which Burry deemed unsustainable and incompatible with his 'Instant Berkshire' investment thesis.
Topics: debt load eBay acquisition bid GameStop investment thesis Michael Burry