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The Latest Breaking News from GameStop

Dow Slides 620 Points as Rally Pauses: Stock Market Today

It was probably just one of those days for the stock market after five straight sessions of new record highs, but Middle East questions must be answered soon.

Kiplinger

GameStop Ups Its Stake in eBay Further. Ryan Cohen Must Be Betting on Another Meme Stock Surge.

GameStop now owns almost 8% of the company.

Barchart

GameStop's AI Integration Plans Trigger Consumer Backlash Concerns Over Retail Experience Shift

GameStop hints at AI integration in retail operations. This immediately exposed concerns about customer experience, risks, and future store automation changes.

Player One

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Michael Burry Vouches for Beaten-Down Adobe in Latest SaaS Analysis: 'The Stock Offers an Aggressive Moat'

Why renowned investor Michael Burry is betting on Adobe, focusing on its AI technology, robust ecosystem, and value investing potential amidst competitive challenges in the creative industry.

International Business Times UK

GTA 6 was meant to release today, and amid everyone mourning what could have been one superfan decides to queue up at GameStop anyway

GTA 6 during a heatwave after a bank holiday, we could've had it all.

PC Gamer

Ryan Cohen Plans Aggressive Push to Buy eBay. GameStop’s Balance Sheet Says He Has the Firepower to Make It Happen.

GameStop CEO Ryan Cohen wants to buy eBay for $125/share despite board rejection. Here's what GME's balance sheet tells us about whether this deal can actually happen.

Barchart

GameStop Wants to Buy eBay. It Could Collapse Its Credit Rating and Valuation in the Process.

GameStop faces a potential credit rerating as it attempts to acquire eBay.

Barchart

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eBay Stock Hits New All-Time Highs as Ryan Cohen Declares ‘It Needs to Be on Ozempic’

GameStop CEO's comment may have been the catalyst in eBay's stock soaring to its highest point yet.

Barchart

“This is still very insane to see”: Halo: Campaign Evolved is stocking PS5 shelves in GameStop

Halo: Campaign Evolved has been spotted on PlayStation 5 store shelves at GameStop, sparking debate among Halo fans on just how surreal it is to see.

Windows Central

Why GameStop Stock Is Nosediving After Its Audacious eBay Offer Failed

GameStop stock slips following eBay's formal rejection on its takeover bid.

Barchart

Ryan Cohen Slams eBay as 'Run by Losers' After $56B Bid Rejection — 'We'd Be Getting Rid of the Board'

GameStop CEO Ryan Cohen unveils bold plans to take over eBay, criticising its management and outlining financing and cost-cutting strategies. Discover the potential impact on eBay's future.

International Business Times UK

eBay Rejects GameStop's 'Audacious' $56 Billion Bid — Days After Michael Burry's 'Capitalist Hell' Warning

eBay dismisses GameStop's $55.5 billion bid over financing doubts and strategic concerns, as investor Michael Burry exits his stake, warning against the merger.

International Business Times UK

GameStop hits the limits of credibility with $55.5bn eBay bid

The ‘meme stock’ company is remembered for Reddit traders sending its share price into orbit but its move on the auction site looks less likely to take off

The Guardian - UK

Share Repurchases and More Gains Ahead: The Bullish Price Surprise in Fox Stock Is Worth a Second Look Here

Both of Fox’s share classes were in yesterday’s top 10 bullish price surprises. In Fox’s case, its shares were up more than 7% due to a reasonably healthy quarterly report, suggesting more gains are in the cards. Here’s why.

Barchart

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International Business Times

eBay Rejects GameStop's $56 Billion Acquisition Proposal, Calls It 'Neither Credible Not Attractive'

eBay rejected on Tuesday a $56 billion acquisition offer from GameStop, saying it is "neither credible nor attractive."

Evening Standard

EBay rejects £41.4 billion GameStop takeover offer

The board of EBay labelled the proposal as ‘neither credible or attractive’.

The Guardian - UK

GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

Online marketplace takes into account uncertainty around US video games retailer’s financing proposal

PC Gamer

eBay shoots down 'neither credible nor attractive' $56 billion GameStop offer from CEO who says 'I'm not going away. I'm a pain in the ass'

You didn't win this auction.

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Barchart

What Are Wall Street Analysts' Target Price for eBay Stock?

eBay has significantly outperformed the broader market over the past year, and Wall Street analysts remain cautiously optimistic about the stock’s long-term growth potential.

The Economic Times

EBay rejects GameStop's audacious $56 billion takeover bid

EBay has rejected a massive $56 billion takeover offer from GameStop. EBay cited doubts about GameStop's financing for the deal. The company is confident in its current growth strategy. GameStop's CEO had proposed cost cuts and synergies.

Barchart

GameStop Stock: Trying to Make Sense of It All as Investors Head for the Exit

Amid Ryan Cohen's theatrics and eBay suspension, Michael Burry has exited his GME stake.

PC Gamer

GameStop-eBay saga gets weirder: CEO says he was suspended from eBay for selling stuff on eBay 'to pay for eBay'

Maybe all of this really is just a very dumb, pointless stunt.

The Guardian - US

GameStop CEO opens eBay storefront to pay for potential eBay acquisition

Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclear

Fortune

eBay bans GameStop CEO's account after he started listing store signs and old carpets to fund his $56 billion offer to buy the marketplace

Michael Burry dumped his GameStop shares over the eBay dealing, warning "never confuse debt for creativity.”

GamesRadar

GameStop CEO trying to buy eBay briefly banned on eBay, but that's not stopping him from attempting to sell garbage for thousands of dollars

This offer, which started with what's basically trade-in credit on GameStop itself, is starting to sound a little ridiculous

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