#gamestop

@TheBadPlace@mastodon.ozioso.online · 4d ago

Al Jazeera – Breaking News, World News and Video from Al Jazeera | EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’ AI generated summary, Read the full article for complete information. eBay has turned down GameStop’s $56 billion takeover proposal, calling it “neither credible nor attractive” and citing doubts over financing, potential impacts on eBay’s long‑term growth and the leadership structure of a combined firm. The bid, put forward by GameStop CEO Ryan Cohen—who owns a 5 % stake in eBay—relied on a $20 billion debt commitment from TD Bank and combined cash and stock payments, but analysts questioned whether the financing would hold up, especially given Moody’s view that the deal would be credit‑negative for eBay. eBay’s chairman Paul Pressler emphasized that under CEO Jamie Iannone the company’s turnaround has already delivered strong performance, with a 201 % stock gain in six years and a 31 % EBITDA margin, far outpacing GameStop’s 10 % margin. While Cohen argues that merging the two could generate cost synergies and leverage GameStop’s physical store network to better rival Amazon, investors remain skeptical, and the offer has already prompted some GameStop shareholders, such as Michael Burry, to sell their stakes. Read more: https://www.aljazeera.com/economy/2026/5/12/ebay-rejects-gamestops-56bn-bid-as-neither-credible-nor-attractive?traffic_source=rss #PaulPressler #JamieIannone #RyanCohen #MichaelBurry #EBay #GameStop #TDBank #Moodys #Amazon #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

The Guardian | GameStop hits the limits of credibility with $55.5bn eBay bid | Nils Pratley by Nils Pratley AI generated summary, Read the full article for complete information. GameStop’s audacious $55.5 billion offer to buy eBay – a bid valuing the auction site at $125 per share and funded half in cash and half by newly issued GameStop stock – was promptly dismissed by eBay’s board as “neither credible nor attractive.” The proposal, championed by CEO Ryan Cohen, harkens back to GameStop’s rise as a “meme stock” after Reddit traders forced a massive short‑squeeze that sent its share price soaring and made Cohen a cult anti‑establishment figure. However, the financing behind the deal is shaky: only $8 billion of cash is certain, while the remaining $20 billion relies on a non‑binding promise from Canadian TD Bank that hinges on GameStop obtaining an investment‑grade rating—a doubtful prospect given the leverage required. With eBay’s own shares up 50 % over the past year and no clear strategic benefit to swapping its stable currency for volatile GameStop stock, the board sees no reason to entertain the bid, even as Cohen vows to keep pressing, hinting at a possible hostile takeover attempt. Read more: https://www.theguardian.com/business/nils-pratley-on-finance/2026/may/12/gamestop-limits-credibility-ebay-bid #GameStop #EBay #RyanCohen #Reddit #business

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

The Guardian | GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’ by Joanna Partridge AI generated summary, Read the full article for complete information. eBay’s board has turned down GameStop’s unsolicited $55.5 billion offer to buy the online marketplace, calling the proposal “neither credible nor attractive” and citing uncertainty over how GameStop would finance the deal, its borrowing levels, and the operational risks of merging the two companies. GameStop, which has accumulated a 5 % stake in eBay, proposed a price of $125 per share funded by about $9.4 billion of cash and roughly $20 billion of debt financing, leaving a shortfall of around $16 billion relative to its own market value of roughly $12 billion and eBay’s $46 billion valuation. CEO Ryan Cohen, who has been linked to GameStop since 2020, was unable to explain the financing during a CNBC interview and hinted at a possible hostile bid if the board remains unreceptive. The rejection comes amid GameStop’s recent store closures, its meme‑stock legacy, and eBay’s own strategic moves, including a pending $1.2 billion acquisition of the fashion resale app Depop. Read more: https://www.theguardian.com/business/2026/may/12/gamestop-bid-for-ebay-rejected-as-neither-credible-nor-attractive #GameStop #EBay #PaulPressler #RyanCohen #Amazon #Depop #Etsy #CNBC #business #e_commerce #mergersandacquisitions #retailindustry

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 5d ago

US Top News and Analysis | EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive' AI generated summary, Read the full article for complete information. eBay’s board rejected GameStop CEO Ryan Cohen’s unsolicited $56 billion, $125‑per‑share cash‑and‑stock takeover proposal, calling it “neither credible nor attractive.” eBay cited uncertainty over GameStop’s financing, operational risks and the debt the deal would create, noting that while Cohen said he had secured a $20 billion commitment from TD Securities and $9 billion in cash, a significant funding gap remained. Analysts also questioned the lack of clear synergies between the two companies. Cohen pledged to run eBay more efficiently—cutting headcount, reducing marketing spend, and using GameStop’s 1,600 U.S. stores for order fulfillment and live‑commerce hubs—but eBay reaffirmed confidence in its current management, citing a successful turnaround that has already lifted its shares about 24 % this year. Read more: https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeover-ryan-cohen.html #EBay #GameStop #RyanCohen #PaulPressler #JamieIannone #TDSecurities #CNBC #SquawkBox #

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In reply to

Solarbird

@moira@mastodon.murkworks.net · May 07, 2026

Original Marketwatch article: https://www.marketwatch.com/story/ebay-permanently-bans-gamestop-ceo-ryan-cohen-for-putting-its-community-at-risk-following-takeover-attempt-71b44c37 Paywall-free echo on Morningstar: https://www.morningstar.com/news/marketwatch/20260507190/ebay-permanently-bans-gamestop-ceo-ryan-cohen-for-putting-its-community-at-risk-following-takeover-attempt #eBay #GameStop #economy #PettyBullshit #BusinessMan #DefinitelyNotACop #ButDefinitelyAnAsshole

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Solarbird

@moira@mastodon.murkworks.net · May 07, 2026

Amusingly petty: #ebay #economy #GameStop #BusinessMan #DefinitelyNotACop #ButDefinitelyAnAsshole

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · May 04, 2026

The Copenhagen Post | Game retailer eyes eBay to build Amazon rival by Ritzau AI generated summary, Read the full article for complete information. The American retailer GameStop has proposed buying eBay for roughly $56 billion, with CEO Ryan Cohen saying he plans to turn the auction site into a direct rival to Amazon and pursue a future valuation in the hundreds of billions; he argues that merging the two companies would cut costs, boost efficiencies and create a powerful new player in the e‑commerce market. Read more: https://cphpost.dk/2026-05-04/news/round-up/game-retailer-eyes-ebay-to-build-amazon-rival/ #GameStop #eBay #Amazon #RyanCohen #Chewy

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · May 04, 2026

Sweden Herald - Latest Sweden News | GameStop makes $55.5 billion bid for eBay by Sweden Herald AI generated summary, Read the full article for complete information. GameStop has submitted a $55.5 billion offer—about 510 billion kronor—to acquire eBay at roughly $125 per share, and it plans to slash the e‑commerce platform’s costs by $2 billion in the first year after the takeover; eBay has not yet responded to the bid. Read more: https://swedenherald.com/article/gamestop-makes-555-billion-bid-for-ebay #GameStop #eBay #Amazon #Alibaba #businessnews

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · May 04, 2026

BBC News | GameStop offers to buy eBay for $56bn AI generated summary, Read the full article for complete information. GameStop announced a $56 billion (£41 billion) unsolicited takeover bid for eBay, valuing the e‑commerce platform at $125 per share—about 20 % above its closing price. CEO Ryan Cohen, who also co‑founded Chewy, said GameStop holds roughly a 5 % stake in eBay and sees the acquisition as a way to turn eBay into a much larger competitor to Amazon. The proposal includes a commitment from TD Bank for about $20 billion in debt financing, and GameStop, currently valued at about $11.9 billion, aims to make further details public. eBay’s shares rose more than 13 % in after‑hours trading following the news. Read more: https://www.bbc.com/news/articles/cn0p8yled1do?at_medium=RSS&at_campaign=rss #GameStop #eBay #RyanCohen #Amazon #WallStreet

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