Famed investor Michael Burry sold his entire position in GameStop Corp. after the gaming retailer made an offer to buy e-commerce company eBay Inc. for about $56 billion in cash and stock.
Made famous in The Big Short, Burry had helped fuel GameStop’s rally by taking a bullish stance on the firm around 2019. However, the investor told subscribers of his Substack newsletter on Monday that he’d exited, citing concerns about the debt the company could take on for an acquisition.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.