GameStop has renewed its Bitcoin options contract with Coinbase, trading potential price gains for upfront cash. The deal involves pledging Bitcoin as collateral, generating income but limiting upside and introducing counterparty risk for shareholders.
GameStop is asking shareholders to approve increasing its authorized share count to 2.5 billion from 1 billion. This move could support its pursuit of acquiring eBay, following an initial rejection of its unsolicited offer.
eBay board doubts GameStop's ability to buy and operate the much larger firm.
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“Neither credible nor attractive.” No, not a line from a junior minister’s resignation letter on Tuesday. It was eBay’s succinct appraisal of the bizarre $55.5bn (£41bn) takeover offer from video games retailer GameStop, an affair that offers light distraction from the sight of UK 10-year gilt yields at 5%-plus.To recap: GameStop is the “meme stock” company that became famous a few years ago when amateur traders on a Reddit forum piled in furiously in an attempt to burn the short-sellers who were betting on the struggling retailer’s demise. Surprisingly, the Redditers succeeded beyond their wildest dreams. The squeeze drove up GameStop’s share price hundredfold, inflicting hell on serious hedge funds and making the company’s chief executive, Ryan Cohen, an anti-establishment hero. Continue reading...
GameStop's $55.5bn takeover bid for eBay has been rejected as 'neither credible nor attractive' due to concerns over funding and strategy
Publicly traded online marketplace eBay slammed GameStop's unsolicited $55.5 billion acquisition offer as insufficient.
The online auction giant said it doubted how the video game retailer would finance its offer.
eBay has formally rejected an unsolicited $55.5bn takeover bid from GameStop, citing concerns over financing and operational risks. GameStop CEO Ryan Cohen has faced scrutiny over the feasibility of the deal, which remains significantly underfunded.
Gamestop-Chef Ryan Cohen erhält eine Absage von eBay für sein Übernahmegesuch. Der Verwaltungsratsvorsitzende von eBay, Paul Pressler, nannte das Angebot weder glaubwürdig noch attraktiv.
Ebay hat ein Übernahmeangebot von Gamestop über 55,5 Milliarden Dollar zurückgewiesen. Das Unternehmen bezeichnete das Angebot als "weder glaubwürdig noch attraktiv" und betonte, dass es unter dem aktuellen Management gut aufgestellt sei.
GameStop hat ein Übernahmeangebot für Ebay abgegeben, das jedoch aufgrund von Finanzierungsbedenken in Frage gestellt wird.
Many analysts questioned the deal, citing questions about how GameStop would finance the transaction and the strategic rationale.
La valutazione del board: troppa incertezza sul piano di finanziamento a sostegno dell’operazione e i rischi operativi per l’unione delle due aziende
GameStop, eBay'i 56 milyar dolara satın alma teklifinde bulundu ancak eBay yönetimi teklifi reddetti. GameStop CEO'su Ryan Cohen, sinerji ve maliyet tasarrufu hedeflerken, Wall Street'te finansman detayları ve iş modellerinin farklılığı konusunda soru işaretleri bulunuyor.
eBay's Board has rejected GameStop's acquisition proposal, citing multiple concerns including financing uncertainty and potential negative impacts on long-term growth and profitability.
Le conseil d’administration de la plateforme de commerce en ligne américaine a rejeté l’offre d’acquisition non sollicitée de la chaîne de magasins de jeux vidéo, la jugeant ni «crédible» ni «attractive».
eBay, GameStop CEO'su Ryan Cohen'in 55,5 milyar dolarlık satın alma teklifini reddetti. Şirket, teklifi inandırıcı ve cazip bulmadığını açıkladı.
EBay ha ufficialmente rifiutato un'offerta di acquisizione da 56 miliardi di dollari avanzata dal rivenditore di videogiochi GameStop, giudicando la proposta priva di credibilità e interesse.
GameStop plant die Übernahme von eBay für 56 Milliarden US-Dollar. Zur Finanzierung soll die Anzahl der autorisierten Aktien von einer auf 2,5 Milliarden erhöht werden, was zu einer massiven Verwässerung für bestehende Aktionäre führt.
eBay Inc., GameStop CEO'su Ryan Cohen’in sürpriz satın alma teklifini reddettiğini duyurdu.
El CEO de GameStop lanza una oferta no solicitada de 56.000 millones por la plataforma de comercio electrónico, pero Wall Street duda de las cuentas
Plus: The Met Gala, GameStop, Canada and Banksy (again!).
Anstatt dass GameStop Fragen zum Übernahmeplan für eBay beantwortet, werden neue laut. Dass sich eine Bank beteiligt, ist wohl unwahrscheinlicher als behauptet.
