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GameStop's Cohen Said to Weigh Pulling $56 Billion EBay Bid
Bloomberg2d agoneutralVIDEO
GameStop's Cohen Said to Weigh Pulling $56 Billion EBay Bid

GameStop, led by Chief Executive Officer Ryan Cohen, is considering withdrawing its $56 billion bid for eBay Inc., according to people familiar with the matter. Bloomberg's Bailey Lipshultz joins to discuss this as well as how Switch filed confidentially for a US IPO, joining its data center peers in tapping demand for exposure to the artificial intelligence theme.

GameStop weighing withdrawal of eBay bid, Bloomberg News reports
Reuters2d agoneutral
GameStop weighing withdrawal of eBay bid, Bloomberg News reports

GameStop CEO Ryan Cohen is considering withdrawing the company's $56 billion ‌bid for eBay in favor of ‌a commercial partnership, Bloomberg News reported on Monday, ​citing people familiar with the matter. Cohen is considering a proposal that would allow eBay to leverage GameStop's roughly 1,600 U.S. retail locations, ‌potentially helping ⁠both companies expand market share in higher-margin categories such as trading ⁠cards and collectibles, the report said. As part of any partnership, GameStop would seek seats ​on eBay's ​board, Bloomberg reported.

Bloomberg2d agoneutral
GameStop’s Ryan Cohen Weighs Pulling $56 Billion EBay Offer

(Bloomberg) -- GameStop Corp., led by Chief Executive Officer Ryan Cohen, is considering withdrawing its $56 billion bid for eBay Inc., according to people familiar with the matter.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AIIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’Stocks Waver Near Record Highs, Crude Oil Advances: Markets WrapTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaIran Says Hormuz Deal Close But Its C

Funko Q2 Earnings Call Highlights
MarketBeat6d agoneutral
Funko Q2 Earnings Call Highlights

Funko (NASDAQ:FNKO) reported higher second-quarter sales, improved profitability and a raised adjusted EBITDA outlook as the collectible-products company said its “Make Culture POP!” strategy is gaining traction across regions, product categories and fan communities. Speaking during a presentation

eBay Q2 Earnings Call Highlights
MarketBeat7d agoneutral
eBay Q2 Earnings Call Highlights

eBay (NASDAQ:EBAY) reported second-quarter results that exceeded its guidance ranges and consensus expectations, driven by growth in focused categories, consumer-to-consumer sales, recommerce and newer initiatives including eBay Live, vehicles and shipping. Gross merchandise volume, or GMV, increas

Investing.com7d agoneutral
eBay beats estimates, stock rises modestly amid mixed guidance

Investing.com -- eBay Inc (NASDAQ:EBAY) reported second quarter results that exceeded analyst expectations for both earnings and revenue, though shares rose just 1% in after-hours trading Wednesday as the company issued mixed guidance for the current quarter.

eBay agreed to pay nearly $50 million to couple sent cockroaches, bloody pig mask
Associated Press15d agoneutral
eBay agreed to pay nearly $50 million to couple sent cockroaches, bloody pig mask

BOSTON (AP) — eBay Inc. agreed to pay almost $50 million to a Massachusetts couple who said former employees of the company targeted them with threats and bizarre anonymous deliveries — including live insects, a funeral wreath and a bloody pig Halloween mask, according to settlement details released Tuesday. The Steiners asked a federal judge in June to reopen the case, and a new settlement announced Tuesday resolves the litigation. The agreement with David and Ina Steiner, founders of EcommerceBytes, a newsletter covering the e-commerce industry, includes an additional $7 million in charitable donations, including to organizations supporting First Amendment rights.

Investing.com19d agoneutral
Intel, Amkor on AI optimism; eBay slips

Investing.com - U.S. stock futures edged higher on Friday, recovering after a broad selloff in the previous session as investors weighed persistent geopolitical tensions in the Middle East against another wave of upbeat corporate earnings and artificial intelligence-related announcements.

How PayPal went from Wall Street favorite to unwilling merger target
Reuters23d agoneutral
How PayPal went from Wall Street favorite to unwilling merger target

Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like. The company synonymous with digital payments this past week got a $53 billion ‌offer to be taken private by upstart rival Stripe and buyout shop Advent International.

GameStop owns nearly 10% of eBay, SEC filing shows
Reuters26d agoneutral
GameStop owns nearly 10% of eBay, SEC filing shows

Videogame retailer GameStop owns nearly 10% ‌of e-commerce company eBay, the ‌company said in a regulatory filing ​late on Friday, nearly three months after making an unsolicited offer to buy eBay ‌for roughly $56 ⁠billion. GameStop said it owns 43.4 million outstanding shares ⁠of eBay, or 9.8%, marking a dramatic increase in ownership ​from early ​May ​when GameStop CEO ‌Ryan Cohen told eBay's board chairman "we have accumulated a 5% economic stake" through derivatives and beneficial ownership. GameStop bought 3.5 million ‌eBay shares for ​roughly $381 million last ​month ​and said it settled ‌39 million eBay ​shares from ​put/call pairs on Friday.

Bloomberg27d agoneutral
GameStop CEO Ryan Cohen Is ‘Coming for eBay One Way or Another’

(Bloomberg) -- GameStop Corp. Chief Executive Officer Ryan Cohen declined to say if he planned to raise his $56 billion offer for online auctioneer eBay Inc., but said “we’re coming for eBay one way or another.”Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companio

PayPal Stock Heads for Best Day Ever on Takeover Offer Report
The Wall Street Journal28d agoneutral
PayPal Stock Heads for Best Day Ever on Takeover Offer Report

PayPal shares are up 19% in premarket trading after Reuters reported that payments processor Stripe and private-equity firm Advent offered to buy it for $60.50 a share, in a deal that would value at it more than $53 billion. If the gains hold, PayPal shares are on track to open above $56. PayPal shares have languished in the past few years as the company has struggled to compete in the payments-technology space.