John Foley

I'm here to announce that Lex is performing a hostile takeover of Unhedged.

Oh, man.

Well, for full disclosure, I always like it when people in finance try and do silly things.

Because it's interesting and I think creativity should be praised.

So I was...

Thinking about not dismissing this out of hand when it happened, but it is, on the face of it, completely wild, the idea that GameStop, which is about an $11 billion company, could buy eBay, which is like a $46 billion company.

And eBay, a company that's doing really well.

eBay's doing well.

Yeah.

I will admit, also, second piece of full disclosure is that I haven't actually used eBay in about 15 years, but the share price has been rocketing.

It's about 50% in a year.

I wonder who owned them before, though.

I don't know.

Do you not find yourself every day wondering who walked in those shoes?

They're like a dead guy's shoes and his ghost is following me around.

So, right, GameStop wants to buy eBay.

It's an unsolicited offer.

The CEO of GameStop is this guy called Ryan Cohen, who is a sort of like an icon in the meme stock world.

But he's very, very hostile towards traditional corporate governance and big, you know, America Inc.,

So he's launched this – there's something very – he's kind of trolling eBay at the same time as trying to buy it.