BREAKING: RC withdraws performance plan to focus on the acquisition of $EBAY
"GameStop will release additional materials regarding its proposed acquisition of eBay this week, including a detailed presentation of the strategic rationale and operational plan for the combined company."
GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
https://t.co/BAu3T6V9w4
🚨 BREAKING: GameStop has filed a new Form 425.
$GME has increased its economic exposure to eBay through put/call option pairs. The company now holds direct ownership of 25,000 $EBAY shares plus synthetic exposure equivalent to 33,497,000 additional shares.
This brings GameStop’s total economic stake to approximately 7.5% of eBay’s shares outstanding.
The creeping takeover is happening slowly and steadily.