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GameStop makes $55.5B takeover offer for eBay

bbc.co.uk

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Re: GameStop makes $55.5B takeover offer for eBay

#71

Post by gizajob »

bilekas wrote: post #63
gizajob wrote: post #48

Earlier quoted context omitted.

I don’t understand why eBay shareholders will suddenly want GME memestock and find any interest in voting for this.

I don’t understand either but wouldn’t they still be owning eBay? Just with GME?

I’m not totally sure how it would be structured but if GME is the purchaser then the merged company would be listed under GME and eBay would become a brand in the GME group and no longer a stock listed under the eBay ticker.

The whole thing seems incredibly dubious and fishy. The eBay board should vote this down which is why the CEO of GME has already realised that and said he’ll appeal to the shareholders directly. If eBay wanted to load themselves with twenty billion dollars of unnecessary debt and extra complications which would kill the company then they could do it themselves. They’re not in that kind of business.

Re: GameStop makes $55.5B takeover offer for eBay

#72

Post by hdndjsbbs »

bilekas wrote: post #65

If they can do some accounting trickery to pull this off then they deserve it. Makes zero sense to me but I did not think GameStop had even close to that in assets.

It's the leveraged buyout playbook. You buy a company and use its own assets to secure a loan. Then you "find efficiencies" (strip it for parts to pay yourself and the creditors).

Re: GameStop makes $55.5B takeover offer for eBay

#73

Post by CWwdcdk7h »

cyanydeez wrote: post #51
orlp wrote: post #7

GameStop doesn't have (even close to) $55.5B. Their offer from the letter is literally impossible: > Our offer is $125.00 per share, comprising 50% cash and 50% GameStop common stock Even if you magically included all existing GameStop stock in the offer, it still would not comprise 50% of $55.5B. EDIT: looks like it's not impossible and I misunderstood. It's a proposed change of leadership with a $25B injection of c…

man, those GME bagholders are gonna love diluted shares.`

They already increased total number of stock by +39% in last 12 months, GME will squeeze the last penny from those people.

Re: GameStop makes $55.5B takeover offer for eBay

#76

Post by CWwdcdk7h »

Eldt wrote: post #11
vasco wrote: post #3

The Gamestop CEO is an interesting character, he grew Chewy and sold it, did a massive play on Apple stock during the pandemic and used that to buy a 9% stake in Gamestop over time, rode the hype to accumulate $9B while turning the company around and closing stores that weren't profitable and making it a money making budiness again. And now they already own 5% of eBay on top. Along the way he says some ridiculous Tru…

He's a meme trader manipulating retailer investors, following Elon's footsteps

I mean he pumped and dumped BBB, and those people (or should we call them apes?) still love this guy.

Re: GameStop makes $55.5B takeover offer for eBay

#77

Post by Lionga »

orlp wrote: post #30
Lionga wrote: post #19

Earlier quoted context omitted.

You understand that the gamestop stock would then be owning ebay, thus be worth Ebay + Gamestops Valuation?

Alright, my company MEME offers to buy Apple then for $1 plus 100% of MEME's stock, which is worth more than Apple then since it will own Apple. If you word it like this it's just a hostile proposed change of leadership. Weird way to apply to become CEO of eBay, but sure.

[flagged]

Re: GameStop makes $55.5B takeover offer for eBay

#78

Post by i_think_so »

fuzzfactor wrote: post #31
moomin wrote: post #14

Very specific corners of the internet are losing their minds right now.

A low tide leaves very few boats afloat, but these are lighter-than-air craft.

This very specific corner of the internet has no idea how your metaphor is supposed to work, which is why I like it so much.
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