Forum - View topicNEWS: eBay Rejects GameStop's Acquisition Bid
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AiddonValentine
 Posts: 2987 |
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I'm just going to assume the logic of this involved a lot of ketamine at some point.
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Firefly251
Posts: 457 |
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and all that we lost were historic items the ceo was selling off to help raise $ for this....he needs removed
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Nate148
Posts: 665 |
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we didn't they banned his account for trying to do something that stupid.
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Greed1914
 Posts: 5389 |
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Cohen's "strategy" makes more sense in the context of his compensation package. If he can hit certain market cap targets, he stands to make something like $30 million. And this is what hiring an executive and tasking them with focusing on stock value instead of the business they supposedly run gets you. If ebay had taken this, the combined value would have put it about halfway to that target. And even before the ebay board said this, Cohen said that he would directly offer it to shareholders if rejected. (Worked for Paramount with WB, right?)
So yeah, if Cohen got his way, the stock price would go up, he'd be on his way towards that pay package, and if Game Stop, ebay, or both struggled to continue as businesses, then so be it.
Apparently, he set up an ebay seller account with a page saying he was fundraising to pay for this. It's pretty obvious what he is up to with that and doing an interview with the "we'll just issue more stock" answer. He wants attention to try to get enough shareholders to think it's a good idea. |
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AiddonValentine
Posts: 2987 |
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I doubt he was thinking even that hard. He probably just went Buy eBay ????? Profit! |
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SaiyanHeretic
Posts: 112 |
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eBay has an opportunity to do the funniest thing ever and make an aggressive acquisition of Game Stop.
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Firefly251
Posts: 457 |
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why would they want a dying company? its up 7% YTD, but its down 44% for 5 yrs.Gamestop wants to transition into more than just gaming because it doesnt really have a healthy future doing that. ebay would be too risky to toss $ at gamestop when its so volatile |
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Top Gun
 Posts: 5309 |
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I hope their response was just quoting Bender: "Oh wait you're serious, let me laugh even harder!"
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Zoltan Kakler
Posts: 109 |
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His eBay account was banned because he sold his used socks for like 15K as a meme to prove he could pay the tab and while that was funny it's also against TOS since, you know, it falls into the area of selling sexual services. eBay specifically forbids the sale of used underwear and socks for "hygiene" reasons. Maybe he should tried to do it on OnlyFans or something. |
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one3rd
 Posts: 1820 Location: アメリカ |
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That's billion, not million. |
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Meexa
 Posts: 331 |
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Gamestop shouldn't be trying to buy companies, someone needs to buy Gamestop or merge with it.
They make so many silly az* decisions. Like getting rid of game informer, shady shipping practices, getting rid of retro games only to bring it back after figuring out it was very profitable. |
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tuxedo-melvin
Posts: 58 |
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Weird cause I remember Game Informer being seen as a trash tabloid pretty much that people hated they kept trying to push subscriptions of whenever they bought games that no one took seriously. Gamestop's on it's way out, at least as a dedicated video game store. Collectables and hobby stores are where the money is in the age where most people either buy online or just buy digital which means no used copies at all. Just the way the market is headed and maybe one day it'll go the way of Blockbuster. |
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