GameStop Makes $56B Bid For eBay, M&A Animal Spirits Are Strong At Milken | Bloomberg Deals 5/6/2026

Watch on YouTube ↗  |  May 06, 2026 at 20:41  |  44:45  |  Bloomberg Markets
Speakers
Danielle Poli — Head of Content, The Block
Eric Zinterhofer — CEO, Shutterfly

Summary

Bloomberg Deals covers the Milken conference mood, GameStop's $56B bid for eBay, and a private credit investment committee. Guests from Searchlight, Oaktree, Octagon, and General Atlantic share their views on M&A, credit opportunities, and AI-driven investment themes.

  • GameStop makes an unsolicited $56 billion bid for eBay, raising skepticism about financing.
  • M&A sentiment remains strong despite volatility, with mega-deals increasing year-over-year.
  • Private credit managers see a buying opportunity as market stress creates discounted loans and better terms.
  • General Atlantic has shifted its portfolio toward international equities, citing 50% cheaper valuations outside the US.
  • Searchlight Capital focuses on industrial services that benefit from electrification and second-order AI effects.
  • Sony Music is nearing a deal to acquire a music catalog from Blackstone, including Justin Bieber's rights.
Trade Ideas
Eric Zinterhofer CEO, Shutterfly 16:00
Industrial services have second-order AI benefits.
Industrial services that support electrification of the United States and benefit from second-order effects of AI have great core demand and are seeing accelerating demand. Searchlight is investing heavily in this area, which offers resilient cash flows and a second-derivative benefit from AI without the elevated valuations of first-order AI plays.
PEXL MED
Danielle Poli Head of Content, The Block 25:09
Buy private credit during stress.
Private credit is experiencing market stress that creates a buying opportunity as other investors exit. The dispersion in pricing and performance is a natural maturation of the asset class, and those with dry powder can deploy capital at attractive discounts with better terms and higher yields.
BIZD HIGH
Martin Escobari 40:00
International equities are cheaper value.
General Atlantic has shifted its portfolio from 60% US / 40% rest of world to the opposite, finding great opportunities internationally because valuations are roughly 50% cheaper than in the US. The tech waves and business model innovations are happening globally, making ex-US equities an attractive value play.
ACWX MED
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This Bloomberg Markets video, published May 06, 2026, features Eric Zinterhofer, Danielle Poli, Martin Escobari discussing PEXL, BIZD, ACWX. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Eric Zinterhofer, Danielle Poli, Martin Escobari  · Tickers: PEXL, BIZD, ACWX