Gamestop Corp. (GME)
GameStop Jumps 9% on Record Profit, $2 Billion Buyback as eBay Bid Battle Intensifies
Shares of GameStop (NYSE:GME | GME Price Prediction) are up 9% to $22.79 on Wednesday morning, snapping back from a brutal stretch after the video game retailer posted its highest quarterly net income on record and approved a fresh $2 billion buyback.
GameStop wants to buy back $2 billion of its own stock after an eBay-fueled selloff
The videogame retailer also said that collectibles helped drive a 14% sales gain in the first quarter.
Wall Street awaits GameStop CEO Cohen's next move after eBay rejected takeover bid
GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive."
GameStop seeks investor approval to expand authorized share count to 2.5B
GameStop Corp (NYSE:GME) is requesting the approval of its shareholders to significantly increase its authorized share capital to as many as 2.5 billion shares, up from about 450 million, according to a Securities and Exchange Commission filing released Thursday. The company said the proposal is intended to enhance financial flexibility for potential strategic transactions, including a possible acquisition of eBay, as well as other capital-raising or corporate initiatives that may arise in the future.
Forget GameStop: This Stock Is A Much Better Buy
Wall Street's chat rooms can't stop talking about GameStop (NYSE:GME | GME Price Prediction) after Ryan Cohen's $56 billion offer for eBay (NASDAQ:EBAY) sent the meme crowd into another frenzy.
Felix Salmon Says GameStop's $54 Billion eBay Bid Is Mostly a Stunt. Ryan Cohen Wins Either Way.
Felix Salmon called Ryan Cohen's bid for eBay largely posturing dressed up as M&A.
eBay rejects GameStop's $56 billion takeover offer
In a letter from eBay Chairman Paul Pressler, eBay's board said that it had completed its review of GameStop's offer and believes that eBay is a “strong, resilient business.”
eBay Turns Down GameStop's $56B Takeover Offer, Calls It 'Neither Credible Nor Attractive'
If GameStop really wants to buy eBay, it's not going to be easy.
Ebay Rejects GameStop's ‘Neither Credible Nor Attractive' $56 Billion Takeover Bid
GameStop's shares fell 4.14% in premarket trading early on Tuesday. The drop started overnight after a volatile trading day where the stock jumped more than 13% after popular memestock influencer Keith Gill also known as “Roaring Kitty” made a series of cryptic posts on X.
Here's why GameStop stock is crashing today
Early May proved a turbulent period for GameStop (NYSE: GME) as CEO Ryan Cohen unveiled an unsolicited bid to acquire eBay (NASDAQ: EBAY) for approximately $46 billion.
eBay Shoots Down GameStop's Surprise $56 Billion Takeover Offer
Online marketplace eBay has rebuffed GameStop's $56 billion acquisition offer, calling the proposal “neither credible nor attractive.” The company announced Tuesday (May 12) that its board had reviewed the surprise takeover bid and decided to reject it.
GameStop stock falls as eBay rejects $56B takeover bid
eBay has rejected an unsolicited $56 billion takeover proposal from GameStop (GME), dealing a major setback to GameStop Chief Executive Officer Ryan Cohen and raising fresh doubts about the feasibility of one of the most ambitious deals attempted by a meme-stock-era company. The e-commerce company said its board had unanimously rejected the proposal, citing concerns over financing uncertainty and operational risks associated with combining the two businesses.
