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Net income climbed to $389.6m from $44.8m, boosted in part by an unrealised gain on derivative asset of $268.4m, reflecting put and call option transactions linked to eBay common stock.
GameStop may not have successfully courted eBay but the retailer reported its biggest quarter on record. GameStop on Tuesday reported net income of $389.6 million, with operating income up to $143.3 million. The company said that’s the highest quarterly net income on record and its highest operating income in a first-quarter.
Chip-design software company added Jesse Cohn to its board of directors as part of an agreement with activist investor Elliott Investment Management.
GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive." In early May, Cohen offered eBay's board $125 a share as well as his services as CEO. Half the offer was in cash and half in stock, with the cash portion coming from GameStop's $9.4 billion in cash reserves.
GameStop asked its shareholders to approve an increase in its share count. The video game retailer made the request in a Friday letter to shareholders, in which the company's board also proposed giving its chief executive, Ryan Cohen, a 100% performance-based option award. "A reserve of authorized shares ensures GameStop can act decisively when the right opportunity arises," the company said in the letter.
Investing.com -- GameStop has increased its stake in eBay to approximately 6.6% from around 5%, according to a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday.
GameStop has increased its stake in eBay to about 6.55%, the videogame retailer disclosed in a filing on Tuesday, days after the e-commerce company rejected its $56 billion takeover bid. GameStop previously owned around a 5% stake in eBay and some analysts said its CEO Ryan Cohen could eventually push for a special shareholder meeting or seek board representation more supportive of his proposal. In an interview with journalist Piers Morgan last week, Cohen had said eBay's board had a responsibility to engage with his offer in the best interests of shareholders, adding that "we'll do whatever we need to do" if it failed to do so.
GameStop said in a filing last night that it now controls the equivalent of 6.55% of the company’s outstanding shares, up from around 5%, as it keeps trying to take over the e-commerce business. Shares in both GameStop and eBay are little changed in premarket trading.
Disgruntled millennial Ryan Cohen has had an interesting week.
When eBay roundly rejected a takeover approach from GameStop on Tuesday, one reason was its suitor’s governance. True, it was the sixth reason...
Semis took a breather, and so did stocks. A reversal for the semiconductor sector brought the market to a standstill. The S&P 500 fell 0.2%, and the Nasdaq composite dropped 0.7%. The Dow Jones Industrial Average added just 56 points, or 0.
What Happened in Markets Today Semis took a breather, and so did stocks. A reversal for the semiconductor sector brought the market to a standstill. The S&P 500 fell 0.2%, and the Nasdaq composite dropped 0.
The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.
GameStop stock drops after eBay rejects the retailer's takeover bid.
GameStop stock drops after eBay rejects the retailer's takeover bid.
The e-commerce platform called the offer “neither credible nor attractive” after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.
EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth. EBay stock has been trading far below the offer price of $125 per share since the bid was made earlier this month. It fell 1% to $107 before the bell, while GameStop was down 4%.
RealReal (NASDAQ:REAL) reported first-quarter 2026 results that exceeded its expectations, with management pointing to stronger buyer engagement, higher-value transactions and improving operating efficiency across the luxury resale platform. Chief Executive Officer and President Rati Levesque said
Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclear
eBay suspended Ryan Cohen's account two days after GameStop's $56 billion takeover bid. The ban has since been lifted.
GameStop is looking to acquire a much larger company than itself.
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