GameStop's Ryan Cohen wants eBay but buying either stock today is the wrong trade

GameStop CEO Ryan Cohen confirmed on CNBC's Squawk Box Monday that GameStop has built a roughly 5 percent economic interest in eBay through a combination of derivatives and common stock and submitted a non-binding offer of 125 dollars per share, valuing eBay at approximately 55.5 billion dollars in aggregate undiluted equity value. The data does not support buying either name today.