GameStop CEO Ryan Cohen is reconsidering his $56 billion bid to acquire eBay after lukewarm reactions from Wall Street. Instead, he is exploring a partnership that would give eBay access to GameStop’s 1,600 US stores, aiming to expand in trading cards and collectibles markets. GameStop, which holds a 9.75% stake in eBay, also seeks a board seat. eBay’s board previously rejected Cohen’s offer, doubting its credibility and financing.
The Commodity Futures Trading Commission (CFTC) has issued an emergency order requiring prediction market Kalshi to continue operations despite a lawsuit from New York accusing it of illegal gambling. This federal intervention escalates a jurisdictio...
GameStop has been upgraded to a soft 'Buy' rating following a 14% year-over-year revenue increase and a sharp rise in net income from $44.8 million to $389.6 million. Adjusted net profits more than doubled, driven by a stronger collectibles segment. ...
GameStop CEO Ryan Cohen is considering withdrawing the $56 billion bid to acquire eBay and instead proposing a partnership or joint venture. This move aims to leverage GameStop's 1,600 U.S. stores to enhance both companies' market share in high-margi...
GameStop is reconsidering its $56 billion acquisition offer for eBay and exploring alternatives like partnerships or joint ventures, amid a 28% drop in its shares since May. Apple will raise the price of its 256GB iPhone 18 Pro by about 38% in Q3 due...
