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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 17 days ago

GameStop Offering To Buy EBay For $56 Billion: WSJ

finance.yahoo.com

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GameStop Offering To Buy EBay For $56 Billion: WSJ

finance.yahoo.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 17 days ago
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GameStop is preparing to bid for e-commerce giant eBay, the Wall Street Journal reported late Friday. GameStop stock rose after hours while eBay soared.
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  • BigBrownDog@lemmy.world
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    17 days ago

    What?!

  • Warl0k3@lemmy.world
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    17 days ago

    I…

    Huh. Okay? What?

  • Ghostalmedia@lemmy.world
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    17 days ago

    Can someone please explain everything about this. I’m so fucking confused.

    • Alexstarfire@lemmy.world
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      17 days ago

      So is everyone else.

    • EmpathicVagrant@lemmy.world
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      16 days ago

      specialty buy-only pawn shop did a bunch of buybacks after the shorting trend to recover.

      Quietly built a bunch of cash and assets to put against the bid

      Buy out a lead competitor online exchange to improve visibility and short term profits

      Coming soon - digitize and buy/sell to people directly while still reaping a slice for themselves for a small amount of the cost of workers

      They’ll be back under in 6-10 years minimum with how they spend.

    • CyberSeeker@discuss.tchncs.de
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      16 days ago

      deleted by creator

  • Krusty@quokk.au
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    17 days ago

    So a leveraged buyout… Gotta max that debt to equity(leverage.)

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