I have a question 🙋🏻‍♂️

So usually in these types of acquisitions, the acquiring companies stock price goes down. I’m only a smooth brain when it comes to this kind of stuff, but is there any chance that eBay GameStop will be acquired by a holding company? As such not affecting GameStop’s stock? I’m guessing that couldn’t secretly be the case since it’s GameStop shares that are on the offering table, correct?