Barrons.com84d agobullish
GameStop Is Chasing a Meme-Stock Sequel. Nobody Is Buying It This Time.GameStop needs a lot of help if it wants to buy eBay. The video game retailer’s stock has lost more than $20 billion in value since their 2021 peak.
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
473last 24h
2479last 7d
470● bullish (7d)
249● bearish (7d)
198publishers
Simply Wall St.84d agoneutral
GameStop’s Rejected eBay Bid Raises Questions On Future Dealmaking And DilutionGameStop (NYSE:GME) submitted an unsolicited US$56b all stock bid to acquire eBay, which eBay's board rejected as neither credible nor attractive. eBay cited concerns about financing, execution risk, and corporate governance, while GameStop has requested an increase in authorized shares, drawing attention to how any large deal might be funded. High profile investor Michael Burry exited his entire position in GameStop after the bid surfaced, adding to questions about the company’s direction...
The Wall Street Journal84d agoneutral
The Chips Were Down — Heard on the Street Tuesday RecapSemis 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.
Barrons.com84d agoneutral
GameStop’s eBay Gambit Relies on an Old Playbook. But a Lot Has Changed Since 2021.GameStop needs a lot of help if it wants to buy eBay. The video game retailer’s stock has lost more than $20 billion in value since their 2021 peak.
Reuters Videos84d agoneutralVIDEO
EBay rejects GameStop's bid as 'neither credible nor attractive'<body><p>STORY: :: eBay</p><p>EBay on Tuesday rejected a $56 billion takeover bid from the much smaller GameStop.</p><p>Chairman Paul Pressler said in a statement that the proposal was "neither credible nor attractive."</p><p>He also pointed to other concerns regarding the bid, including its financing, its impact on eBay's long-term growth and the leadership structure of a potentially combined company.</p><p>:: eBay</p><p>Pressler added that "eBay's Board is confident the company, under its current management team, is well-positioned to continue to drive sustainable growth."</p><p>GameStop did not immediately respond to a request for comment.</p><p>Last week, the videogame retailer's CEO, Ryan Cohen, surprised Wall Street with his bid, which included a $20 billion debt financing commitment from TD Bank.</p><p>:: eBay</p><p>But analysts and investors have doubted whether the half-cash, half-stock bid would succeed.</p><p>:: eBay website</p><p>Cohen, who has built a 5% stake in eBay, has signaled he may be ready to take the offer directly to shareholders.</p><p>Shares in eBay closed up over 2% on Tuesday, while GameStop fell over 3%.</p></body>
The Wall Street Journal85d agoneutral
The Chips Were Down — Heard on the Street RecapWhat 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.
LA Times85d agoneutral
EBay rejects GameStop's $56-billion takeover offerEBay called GameStop's takeover bid 'neither credible nor attractive.'
Motley Fool85d agoneutral
Is eBay About to Become a Meme Stock?Deal or no deal, GameStop's recent bid to buy eBay is good news for the e-commerce company's stock.
MT Newswires85d agoneutral
Sector Update: Consumer Stocks Mixed Late AfternoonConsumer stocks were mixed late Tuesday afternoon with the State Street Consumer Staples Select Sect
MT Newswires85d agoneutral
Sector Update: Consumer Stocks Mixed Tuesday AfternoonConsumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector S
GuruFocus.com85d agobearish
GameStop Takeover Dream Crashes After eBay RejectionGameStop Stock Falls After eBay Rejects $56 Billion Takeover Bid
CoinDesk85d agoneutralVIDEO
eBay rejects GameStop's $56B bideBay's board rejected GameStop's $56 billion takeover bid, calling it "neither credible nor attractive." Now questions are growing over whether CEO Ryan Cohen will sell the company's $368 million bitcoin position to make the deal look more credible. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
Yahoo Finance85d agoneutral
Ebay is right to flip the bird at media-hungry GameStop overlord Ryan CohenAnother big L for Ryan Cohen.
GuruFocus.com85d agoneutral
eBay Calls GameStop's Bid Neither Credible Nor AttractiveThe board cites financing gaps and governance concerns
BeInCrypto85d agoneutral
eBay Rejects GameStop’s $56 Billion Bid as ‘Neither Credible Nor Attractive’eBay's board rejects GameStop's $56 billion takeover bid from Ryan Cohen, citing financing doubts as a hostile fight looms.
Moby85d agoneutral
eBay Says ‘Half Cash, Half Stock’ Won’t Cut It. We’re Shocked.Ryan Cohen's bid for eBay is a bet he can trade an over-valued meme stock for a real company. Color us skeptical.
MT Newswires85d agoneutral
EBay Turns Down GameStop's $55.5 Billion Takeover BidEBay (EBAY) rejected video game retailer GameStop's (GME) proposal to acquire the e-commerce company
InvestorsHub85d agoneutral
eBay (EBAY) Rejects GameStop (GME) Takeover Proposal as Financing Concerns MounteBay (NASDAQ:EBAY) has turned down a proposed $56 billion takeover offer from GameStop (NYSE:GME), citing concerns over the credibility and financing structure of the proposed transaction. The bid would have seen GameStop — a company valued at roughly one-quarter of eBay’s size — attempt one of the most ambitious acquisitions in the retail and e-commerce sector in recent years.
decrypt85d agoneutral
EBay Rejects GameStop's $55 Billion Offer as 'Neither Credible Nor Attractive'Publicly traded online marketplace eBay slammed GameStop's unsolicited $55.5 billion acquisition offer as insufficient.
StockStory85d agoneutral
3 Cash-Producing Stocks That Concern UsGenerating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Yahoo Finance Video85d agoneutralVIDEO
EBay rebuffs GameStop's $56B offer: How Ryan Cohen stacks up to BuffettOnline marketplace eBay (EBAY) has rejected GameStop's (GME) $56 billion takeover bid proposed last week, ultimately calling the offer "neither attractive nor credible." B. Riley Wealth chief market strategist Art Hogan joins Yahoo Finance Senior Reporters Brooke DiPalma and Ines Ferré in examining investor reactions and how GameStop CEO Ryan Cohen's investment strategy stacks up to the likes of Warren Buffett's.
Retail Insight Network85d agoneutral
eBay rejects GameStop’s $55.5bn takeover approachIn a letter to GameStop chief executive Ryan Cohen, eBay chairman Paul S Pressler confirmed the board had completed a thorough review alongside independent financial and legal advisers before arriving at its decision.
Investopedia85d agoneutral
eBay Turns Down GameStop's $56B Takeover Offer, Calls It 'Neither Credible Nor Attractive'eBay rejected GameStop's $55.5 billion takeover offer, citing concerns about GameStop's financing plans.
GuruFocus.com85d agobullish
GameStop Surges 13% After Roaring Kitty Posts VanishGameStop jumped, then reversed lower, after cryptic Keith Gill posts appeared and disappeared in postmarket trading.
PA Media: Money85d agoneutral
EBay rejects £41.4 billion GameStop takeover offerThe board of EBay labelled the proposal as ‘neither credible or attractive’.