GameStop stock sinks after surprise eBay takeover bid, Cohen's combative CNBC interview
www.cnbc.com
GameStop made a takeover bid for eBay, offering $125 per share in a cash-and-stock deal that values the e-commerce platform at roughly $55.5 billion.
  • ThomasWilliams@lemmy.worldEnglish
    1·
    5 hours ago

    They are diluting the value of eBay’s shares.

    For what purpose? So they tie up with what is worthless junk stock ?

    This will go nowhere.

    • agamemnonymous@sh.itjust.worksEnglish
      1·
      4 hours ago

      They are diluting the value of eBay’s shares.

      Kinda, but not really. Each share becomes $56 and like 2 new shares. It’s more like a fat dividend than a dilution.

      You should look into Cohen’s track record before assuming it’ll go nowhere.