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

Post by valleyer » Tue, May 12, 2026, 6:36 PM UTC

tombert wrote: post #48

bayarearefugee wrote: post #45

Earlier quoted context omitted.

> works for no salary Working for no salary is almost never charitable and is almost always just part of a larger tax avoidance scheme.

Yeah I've never thought that that was the win that people seem to think it is. When you're that high up in the company, you have so much stock that you can pretty easily get loans against for however much you need, and write off the interest in the process.

Post by rtkwe » Tue, May 12, 2026, 6:37 PM UTC

boringg wrote: post #17

yalogin wrote: post #12

Earlier quoted context omitted.

They still don’t have anywhere close to buying eBay.

Please see: Leveraged Buy Out. For the benefit of all the people on this thread not understanding what the proposal is for the acqusition: "A leveraged buyout (LBO) is the acquisition of a company (typically by a private equity firm) using a significant amount of borrowed money (debt) to meet the purchase price, often 60% to 90% of the total cost. The target company’s assets are used as collateral for the loans, whic…

Post by papercrane » Tue, May 12, 2026, 6:39 PM UTC

rtkwe wrote: post #98

danvayn wrote: post #24

Earlier quoted context omitted.

The TD Bank securities commitment of 20B to finance the deal and GameStop having a market cap far below the acquisition cost suggests that buying eBay would’ve been very problematic and risky for investors. But comparing it to K mart buying sears isn’t really accurate to me. Like yeah, GameStop clearly fits into the death of retail, and acquiring eBay does increase their market visibility or presence. Beyond that, wh…

TD didn't commit to $20B their letter only says they're "highly confident" they could raise that much. Very important distinction between the two.

Post by SwellJoe » Tue, May 12, 2026, 6:44 PM UTC

Scoundreller wrote: post #145

SwellJoe wrote: post #131

Earlier quoted context omitted.

It makes it feel sketchy. I don't know what the state of buyer protection is. I've read that sellers sometimes list in other countries to get around the PayPal buyer protections or otherwise get paid via some unprotected method. I can't believe all those hundreds of thousands of listings would continue to exist if there weren't some kind of pay off. Somebody's got to be making money somehow, as it's been happening fo…

> I've read that sellers sometimes list in other countries to get around the PayPal buyer protections The buyer protections don’t really vary much, but it’s true in some countries they get more protections but it’s more regarding to buyer’s remorse rather than Items Not As Described. > or otherwise get paid via some unprotected method At least in North America (and maybe everywhere else), you’ve been required to pay…

Post by SwellJoe » Tue, May 12, 2026, 6:45 PM UTC

Apocryphon wrote: post #140

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.

Imagine if the Tesla/X empire went for GME next.