Reporting from the Wall Street Journal indicates that GameStop, a company whose brick-and-mortar game-sale business model was rapidly going the way of the dodo but was granted a new lease on life thanks to being the poster child of the memestock craze, is looking to acquire eBay—a company four times larger than itself.
Imagine the lines for Pikachu. Photo via @GameStop/Instagram
Per Reuters, which recapitulated the WSJ's reporting, Ryan Cohen's nerd-fueled juggernaut "has been quietly building a stake in eBay's shares ahead of a potential offer," but no specific offer has materialized yet, and none is expected over the following few weeks.
It's rare to see a company trying to buy out another one several times its size, and if such a deal were to come to pass, it would involve a lot of financial engineering with loans and stocks to get it over the line.
The big question, of course, is why. It might seem out of pocket to attempt an acquisition like this, but from the perspectiv


Leave a Reply
You must be logged in to post a comment.