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.
  • Krusty@quokk.auEnglish
    5·
    9 hours ago

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

    • EmpathicVagrant@lemmy.world
      21·
      1 hour 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.