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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.
TELUS (NYSE:TU) reported first-quarter 2026 results marked by continued customer additions, stable profitability and higher free cash flow, while management emphasized cost controls, asset monetization and growth in health, digital and artificial intelligence-related businesses. On the company’s ea
When eBay roundly rejected a takeover approach from GameStop on Tuesday, one reason was its suitor’s governance. True, it was the sixth reason...
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%.
(Bloomberg) -- GameStop Corp. shares spiked and then quickly dropped in postmarket trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the financial influencer known as “Roaring Kitty,” who became prominent during the 2021 meme-stock craze. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘
(Bloomberg) -- GameStop Corp. shares spiked and then quickly dropped in postmarket trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the financial influencer known as "Roaring Kitty," who became prominent during the 2021 meme-stock craze. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart's Media CompanyTrump Rejects New Iran Peace Offer as '
(Bloomberg) -- GameStop Corp. shares spiked and then quickly dropped in postmarket trading Monday after cryptic social media posts showed up and then disappeared from the social media account of Keith Gill, the financial influencer known as “Roaring Kitty,” who became prominent during the 2021 meme-stock craze. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘
The team discusses GameStop’s proposal to buy eBay, a rumor regarding interest from Anthropic to buy Atlassian, and lessons from a great acquirer in Berkshire Hathaway.
(Bloomberg) -- For many US companies, the hot new type of credit seems to be getting less attractive. Most Read from BloombergTrump Wants to Make H-1B Workers More Expensive for US EmployersBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsOnline Mob Fuels 6,000% Stock Rally in Obscure SpaceX RivalTrump Punts Thorniest Iran Challenges in Push to Open HormuzIran War Is Draining World’s Oil Buffer at an Unprecedented PacePrivate credit firms saw their lending volume shri
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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