GameStop's eBay Bid Is So Befuddling Even Merger Arbs Are Steering Clear

GameStop's eBay Bid Is So Befuddling Even Merger Arbs Are Steering Clear

On paper, GameStop Corp.’s head-turning $56 billion bid for eBay Inc. offers a potential fat profit for investors willing to wager on the unconventional deal. In practice, merger specialists aren’t buying it.

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