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eBay Rejects GameStop's $56B Takeover as Not Credible

bloomberg.com

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Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#71

Post by rtkwe »

mh- wrote: post #57
boringg wrote: post #33

Earlier quoted context omitted.

CNBC hard fumbled in that they didn't even understand what the offer was. The CEO put that on full display and embarrassed the hosts basic knowledge of finance. It was hard to watch.

Can you explain your thought process here? Perhaps we're "embarrassing my basic knowledge of finance", but I wasn't able to follow his math either.

The math doesn't actually math. Even if you're not discounting the cash on hand from GME's value all of GME's market value, plus their cash on hand, plus the "highly confident" $20B still doesn't add up to the take over value in Cohen's letter.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#73

Post by ndiddy »

nkohari wrote: post #41
boringg wrote: post #33

Earlier quoted context omitted.

CNBC hard fumbled in that they didn't even understand what the offer was. The CEO put that on full display and embarrassed the hosts basic knowledge of finance. It was hard to watch.

I have absolutely no clue how you could watch the interview and come away with this conclusion. The purpose of an interview is to ask Socratic questions to allow the guest to talk about something of which they have intimate knowledge. The CEO made it seem like he himself didn't know how the math for the offer worked, and even when presented multiple opportunities to correct that impression, he made no attempt to conv…

I imagine the actual reason why Cohen didn’t answer the question is that he would have to admit that if the combined entity issued enough shares to pay for the acquisition, it would substantially dilute existing shareholders.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#74

Post by matwood »

cmiles8 wrote: post #10

Well if you’ve seen the CNBC interview with the GameStop CEO he couldn’t answer basic questions about the deal so the outcome here isn’t surprising. The interview was so bad the first time I saw it I thought it was some sort of satire bit. No, it was real and the commentators were literally speechless.

It was a clown-show interview, but also likely on purpose from the CEO. The CEO does not like CNBC (their history of reporting on GME as a meme stock), and his schtick plays to retail investors. The problem is to get a deal like this done he needs to convince non-retail investors to come along. He also clearly didn't want to say 'dilution' when pressed about where the rest of the stock would come from.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#75

Post by ecshafer »

hx8 wrote: post #72
avonmach wrote: post #46

Seems like a no brainer for people who want to go into a physical store without dealing with the hassle of waiting for the item to sell along with packaging and shipping.

Who wants to go to a physical store in 2026?

I do. Its great. You can walk around, look at things, talk to people, maybe buy something you wouldn't based on cover art or whatever. You get to drive a little, listen to some music.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#76

Post by sigmar »

avonmach wrote: post #46

Seems like a no brainer for people who want to go into a physical store without dealing with the hassle of waiting for the item to sell along with packaging and shipping.

ebay started attempting consignment more than ten years ago, but I think lately they only do it for luxury items. Which makes sense to me as a lot of people would just send in junk. https://pages.ebay.com/ebay-consignment/

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#77

Post by honeycrispy »

hx8 wrote: post #72
avonmach wrote: post #46

Seems like a no brainer for people who want to go into a physical store without dealing with the hassle of waiting for the item to sell along with packaging and shipping.

Who wants to go to a physical store in 2026?

Me. I love the experience of getting out of the house. Also, online shopping is an extortionist on certain items. There are so many things that are 1/4 the price in a physical store than they are online due to shipping and logistics.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#78

Post by matwood »

CodeWriter23 wrote: post #4
SwellJoe wrote: post #3

Any reasonable person could see this was a ridiculous clown show, put on by the ridiculous clown show meme stock company.

This movie isn't over yet. We'll have to wait and see if GameStop goes full 80's on them with a hostile takeover attempt.

GME had already acquired ~5% of Ebay shares ahead of the offer.

Re: eBay Rejects GameStop's $56B Takeover as Not Credible

#80

Post by noman-land »

cmiles8 wrote: post #10

Well if you’ve seen the CNBC interview with the GameStop CEO he couldn’t answer basic questions about the deal so the outcome here isn’t surprising. The interview was so bad the first time I saw it I thought it was some sort of satire bit. No, it was real and the commentators were literally speechless.

Guys, we have a web for a reason. For links!

https://www.youtube.com/watch?v=Bmj2PaxX24E

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