this post was submitted on 04 May 2026
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[–] fox@hexbear.net 6 points 3 hours ago

Through the miracle of modern finance, you can request a loan for a buyout where the collateral is the thing you're buying out. If eBay accepts the offer, GameStop can take out a fifty bil loan to pay eBay for eBay, with the loan secured by the value of eBay.

Private equity does this trick all the time. You do a leveraged buyout, turn the enshittification dial all the way up on your new business, suck the blood out of all your customers as profit, rip the copper out of the walls, and saddle the bought company with the remaining debt of its own purchase.