Jim Cramer on GameStop's $56B offer for eBay: eBay is better than it used to be

Summary

Jim Cramer discusses GameStop's unsolicited $56B bid for eBay, criticizing Ryan Cohen's hostile approach and defending eBay's recent turnaround. He notes that eBay's stock has risen partly due to Cohen's buying and states that eBay is better than it used to be. The market reaction was modest, and financing the deal remains uncertain.

• Ryan Cohen's GameStop made a $56B unsolicited offer for eBay.
• Cramer compares the move to Boone Pickens' 1984 offer for Phillips Petroleum.
• He criticizes Cohen's belligerent tone and insults toward eBay's management.
• Cramer argues eBay has done a fantastic job turning around its business.
• He notes eBay's stock has moved up partly due to Cohen's buying.
• Cramer says eBay is better than it used to be.
• The market sent eBay shares up modestly, not dramatically.
• Financing the deal with a 'highly confident' letter and advisor involvement is uncertain.