Ed Ludlow

Make decisions.

A poor decision is always better than no decision.

They're pushing back on mainly the source of funding.

You have to maintain investment grade.

That is highly unlikely, according to Bloomberg reporting and analysis, that you would ever be able to do such a buyout of a company that is a quarter of the value of eBay, brings in a quarter of the revenues than eBay to afford that amount of $56 billion offer.

No wonder they're worried about the leverage, about the governance of this company.

That's really what's being articulated in this letter.

So they're pushing back.

And we know this has already gone hostile in many ways.

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This is Caroline Hyde.

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