alt Hacker NewsGME had already acquired ~5% of Ebay shares ahead of the offer.
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sirbutters • yesterday at 6:22 PM
Why didn't Cohen buy 100% of eBay shares. What is he, stupid?
GME had already acquired ~5% of Ebay shares ahead of the offer.
Why didn't Cohen buy 100% of eBay shares. What is he, stupid?
He actually didn't. The majority of that was in options. So he "controlled" 5% via derivatives but this is not the same as owning shares.