Michael Burry Sells Entire GameStop Stake Amid eBay Acquisition Bid

Michael Burry, known for his role in 'The Big Short,' has sold his entire stake in GameStop, according to BeInCrypto. This move comes after GameStop's non-binding $55.5 billion proposal to acquire eBay, with Ryan Cohen set to become CEO of the combined entity. Burry initially disclosed his GameStop position in January but decided to exit following Cohen's acquisition strategy, which he deemed incompatible with his investment approach. GameStop shares fell 10.14% to $23.84 on Monday and continued to decline in after-hours trading.