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"Neither Credible Nor Attractive": eBay Rejects GameStop's Takeover Bid
"Neither Credible Nor Attractive": eBay Rejects GameStop's Takeover Bid
eBay's board released a statement on Tuesday morning, rejecting GameStop CEO Ryan Cohen's unsolicited, non-binding acquisition proposal, calling it "neither credible nor attractive."
"We have concluded that your proposal is neither credible nor attractive," Paul S. Pressler, eBay's chairman of the board of directors, wrote in a statement.
Pressler cited concerns over GameStop's financing, the risks of a combined business, leadership and governance questions, and the potential impact on eBay's valuation and long-term growth.
Pressler laid out the concerns:
eBay's standalone prospects,
the uncertainty regarding your...
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May 11, 2026 / Jason Ditz
UN Peacekeepers Report 1,296 Israeli Strikes in Three Days in Lebanon Despite ‘Ceasefire’
A growing number of Israeli strikes on Lebanon has led to death tolls once again on the rise, despite what is notionally a ceasefire in place between the two countries. The UNIFIL peacekeepers documented 1,296 Israeli military strikes in the past 72 hours. This left at least 87 people killed over the weekend in over […]
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Oct 20, 2026 / Tyler Durden
Trump Unveils $8 Billion Harvest Fuel Relief Program To Support Farmers
Trump Unveils $8 Billion Harvest Fuel Relief Program To Support Farmers
Authored by Travis Gillmore via The Epoch Times,
President Donald Trump announced a new Department of Agriculture program offering $8 billion to farmers during harvest season, as rising diesel costs strain operations nationwide.
"And when the Republicans win, we will pass even more funding for our farmers," Trump told a standing-room-only crowd of thousands during a rally in the Heartland Credit Union Arena in Park City, just north of Wichita, Kansas.
The Harvest Fuel Relief program will use a formula to determine...
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Mar 26, 2026 / Tyler Durden
Jobless Claims Hover Near Record Lows Sustaining 'No Hire, No Fire' Narrative
Jobless Claims Hover Near Record Lows Sustaining 'No Hire, No Fire' Narrative
The number of Americans filing for unemployment benefits for the first time was flat from the prior week at 210.5k (215k exp). Simply put, these numbers are hovering near their lowest levels since 1969...
Source: Bloomberg
Continuing claims also printed below expectations at 1.819 million Americans. This is the lowest level since May 2024...
Source: Bloomberg
Finally, as a reminder, sentiment surveys suggest the labor market is bifurcated with 'jobs hard to get' but joblessness not surging...
Source: Bloomberg
That chart reinforces the 'no...
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