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.
GameStop makes $55.5B takeover offer for eBay
31–40 of 731 posts
Re: GameStop makes $55.5B takeover offer for eBay
#32GameStop 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…
It's newly issued stock, a common form of making acquisitions cheaper
How is a 20bn company going to issue 27bn worth of stock? Or are they just going to pretend the newly issued shares are valued the same per share as existing stock is right now?
Re: GameStop makes $55.5B takeover offer for eBay
#33A lot of the comments here seem to assume that a smaller public company can’t acquire a larger one, which just isn’t true. A quick search for how leveraged acquisitions, stock-for-stock deals, financing commitments, or tender offers work would answer most of the objections. Is it too much to ask the Hacker News commentariat to do one quick search before collectively declaring that something they don’t understand is i…
I see a single comment mentioning it is impossible. No sign of a collective declaration. I think you’re overreacting
Re: GameStop makes $55.5B takeover offer for eBay
#34A lot of the comments here seem to assume that a smaller public company can’t acquire a larger one, which just isn’t true. A quick search for how leveraged acquisitions, stock-for-stock deals, financing commitments, or tender offers work would answer most of the objections. Is it too much to ask the Hacker News commentariat to do one quick search before collectively declaring that something they don’t understand is i…
There’s one comment as of the time of your post that makes this assumption - you could have replied to them directly.
Re: GameStop makes $55.5B takeover offer for eBay
#35Earlier 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.
You can do that.
The shareholders have to vote for it, though.
Re: GameStop makes $55.5B takeover offer for eBay
#36A lot of the comments here seem to assume that a smaller public company can’t acquire a larger one, which just isn’t true. A quick search for how leveraged acquisitions, stock-for-stock deals, financing commitments, or tender offers work would answer most of the objections. Is it too much to ask the Hacker News commentariat to do one quick search before collectively declaring that something they don’t understand is i…
There’s one comment as of the time of your post that makes this assumption - you could have replied to them directly.
It is implicitly implied in many comments.
Re: GameStop makes $55.5B takeover offer for eBay
#37A lot of the comments here seem to assume that a smaller public company can’t acquire a larger one, which just isn’t true. A quick search for how leveraged acquisitions, stock-for-stock deals, financing commitments, or tender offers work would answer most of the objections. Is it too much to ask the Hacker News commentariat to do one quick search before collectively declaring that something they don’t understand is i…
I see a single comment mentioning it is impossible. No sign of a collective declaration. I think you’re overreacting
I think you are under reacting.
Re: GameStop makes $55.5B takeover offer for eBay
#38I guess if people use eBay a lot to sell used games then there is something of an overlap there. Otherwise, it seems pretty weird.
That sneaker company that pivoted to data centers set the 'weird' bar pretty high.
GameStop has physical stores so could be a place to send, collect from or even verify high value eBay items.
Re: GameStop makes $55.5B takeover offer for eBay
#39ebay is still "old internet", and genuinely useful and well built. enshittification is incoming...
Re: GameStop makes $55.5B takeover offer for eBay
#40A lot of the comments here seem to assume that a smaller public company can’t acquire a larger one, which just isn’t true. A quick search for how leveraged acquisitions, stock-for-stock deals, financing commitments, or tender offers work would answer most of the objections. Is it too much to ask the Hacker News commentariat to do one quick search before collectively declaring that something they don’t understand is i…
Example from quite some time ago: Avast buying AVG. The value of AVG was around twice that of Avast.