I think this is genuinely strange as a question to ask. Gamestop is buying EBay for $55bn - but it's a merger with part stock part cash payout. This is a very common occurance and it's strange the anchors were using some weird math of counting current market cap of Gamestop as if it would be given as part of the deal. Gamestock issues about $28bn of fresh stock. It has $28bn of cash plus debt. A shareholder of ebay gets Gamestock shares plus cash, equivalent to the amount per share that Gamestop is buying ebay for. Gamestop's current market cap is $11bn. It will therefore become - if you want to "math" it - $11bn+$28bn fresh issue = $38bn. And for that, what matters is the effective diluted EPS of the merged entity, which is in the GME presentation. I know he's gruff. But he's right in saying he doesn't understand the question. It's like a trick question.

@deepakshenoy Cmon Deepak.. he was trying to get him to use the word dilution which is what will happen and also ryan had a very fractious relationship with mainstream finance media.. anyway looks like the deal is dead on arrival

@balaj824 It's a merger with a cash component. In every stock based merger there is a dilution. This agenda of getting him to use a word is what the problem is.

@deepakshenoy When the dilution is going to be 50% (my understanding is that they will have to issue equal to or more than current outstanding shares), may be it is not an agenda but to get him to accept how risky it is to existing shareholders.

@balaj824 This is strange Do you say that hdfcbank diluted itself 130% to acquire hdfc? No. It's just a merger with a cash component

@deepakshenoy @balaj824 who are the willing buyers of $28B of new shares?

@obscuredvalue @deepakshenoy @balaj824 Well, they'll be bought to satisfy the millions of FTD's at the very least 😜