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I must be misunderstanding your question. Are you wondering about the mechanics of hostile takeovers/bids...?
Symmetrically, eBay shareholders wouldn't "lose" what they have, they'd gain GameStop's assets and cash for some dilution
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My question was only for a case that didn't involve going through the board.
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ok, outline... doesn't make much sense then as a question, does it? like, what are we talking about
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In one sense, obviously, but also how would that work?
It's seems like it would be a huge pain in the ass to coordinate all those transactions with public shareholders, unless there are a small number of eBay whales who want to be compensated in massively diluted GameStop stock.