Game Stop will work with a bank or any number of lenders to put together the deal. After the deal is done, eBay will pay off the “lenders”.
99.9999% of everyone who buys a house bids on the house with less money than they have.
Same with most luxury items such as cars and boats.
Businesses do this with necessities such as Trucks and building equipment. A buddy of mine owns a concrete business and he just bought a backhoe loader with a bunch of different attachments that cost 175K USD, he is very successful but he didn’t pay for that with cash.
GameStop has a certain percentage of eBay stock. Essentially they “own” a relative large percentage of eBay already. They also have a substantial amount of third party funding.
What fuck how can bid to buy something with less money then they actually have? Does think the bank just going hand him the rest of the money?
Shit, wait till you find out about cars and houses and how people life. Fucking muricans love some good debt
It is called credit.
Game Stop will work with a bank or any number of lenders to put together the deal. After the deal is done, eBay will pay off the “lenders”.
99.9999% of everyone who buys a house bids on the house with less money than they have.
Same with most luxury items such as cars and boats.
Businesses do this with necessities such as Trucks and building equipment. A buddy of mine owns a concrete business and he just bought a backhoe loader with a bunch of different attachments that cost 175K USD, he is very successful but he didn’t pay for that with cash.
GameStop has a certain percentage of eBay stock. Essentially they “own” a relative large percentage of eBay already. They also have a substantial amount of third party funding.
They own 5%. Not remotely a controlling share. They’re not even in the top 3 for largest shareholders.