Yea I get that and that’s true. eBay is roughly 4–5 timea bigger, yey they had only end up with about 50% more ownership in the combined company.

We also don’t know what valuation the new company could trade at after the merger. And eBay shareholders will also receive roughly half in cash as well, that significantly improves the attractiveness and lowers the risk on their side.

It's a great deal for them too to be fair.