#moodys

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 #

US Top News and Analysis | JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount AI generated summary, Read the full article for complete information. JPMorgan Chase‑led lenders slashed the credit facility for FS KKR Capital Corp. (ticker FSK) by about $648 million—roughly 14%—and raised borrowing costs just days before the fund disclosed $560 million in first‑quarter losses and a 10% drop in net asset value. To stabilize the distressed BDC, co‑manager KKR is injecting $150 million in equity and purchasing $150 million of shares from exiting investors, while also waiving half its incentive fees for four quarters and authorizing a $300 million share‑repurchase program. The fund’s non‑accrual loans rose to 8.1% of its portfolio, with defaults increasing at software and dental‑services borrowers, prompting FSK to curb new investments, focus on existing portfolio companies, and aim for a smaller, less leveraged balance sheet. Read more: https://www.cnbc.com/2026/05/11/kkr-private-credit-fund-fsk-jpmorgan-chase-credit.html #JPMorganChase #KKR #FSKKR #Medallia #AffordableCare #Moodys #

Primo piano ANSA - ANSA.it: La guerra piomba su conti e Pil, per Giorgetti: 'Possiamo assorbire shock' Il ministro sollecita una risposta dall'Ue. Moody's: 'L'Italia tiene ma ci sono rischi' The war is falling on accounts and GDP, according to Giorgetti: 'We can absorb shocks'. The minister is requesting a response from the EU. Moody's: 'Italy is holding but there are risks' #Moodys #Italy https://www.ansa.it/sito/notizie/economia/pmi/2026/03/28/la-guerra-piomba-su-conti-e-pil-per-giorgetti-possiamo-assorbire-shock_2809852b-6775-43bd-a37a-d09a2279d4d6.html