MEANWHILE, AT THE STOCK EXCHANGE

Ryan Cohen ups his stake in eBay

MEANWHILE, AT THE STOCK EXCHANGE... When last we left our story, a video game retailer had offered $56 BILLION for a marketplace five times its size. The marketplace said no. Any sensible villain would retreat to his lair. Not this one.

Holy shi**y takeover attempt batman

THIS WEEK: the stake DOUBLES to 9.8%! The pursuer renounces his own pay package! He files his own interviews with the SEC, as if submitting his press clippings as evidence! And he declares, in words now preserved in a federal filing: “we’re coming for eBay one way or another.”

Holy hostile takeover.

But wait! What’s this? The fortress has faced sieges before! Icahn in ‘14! Elliott in ‘19! And inside the walls, the defenders deploy their deadliest weapon: they simply... keep... working.

Which raises the question no one at the Exchange dares ask aloud:

What if the takeover is not the plan? What if the takeover... IS THE CONTENT?

Will the board hold? Can a $56 billion offer be paid in belief-priced paper? Is a 46% premium real if the financing is imaginary?

The answers await, citizens, in Part II of THE TAKEOVER, told the only way this saga deserves: as a full 1960s comic serial, splash page, halftone dots and all.

Read it here: https://thevspotnews.com/vinland/the-takeover/

Read my take on the fiasco that is Ryan Cohen in a cape. Sometimes heroes don’t wear capes. Sometimes villains do also.

Same V-time. Same V-channel. To be continued.