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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

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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