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.
Just gotta follow the money. CEO gets paid based on the company’s valuation, so he’s making a crazy pitch to buy another company 4x of their own valuation in an effort to eventually pump and dump on the share holders (leveraged buyout).
Just gotta follow the money. CEO gets paid based on the company’s valuation, so he’s making a crazy pitch to buy another company 4x of their own valuation in an effort to eventually pump and dump on the share holders (leveraged buyout).