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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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UK Summons Chinese Ambassador Over Spying Allegation
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Authored by Dorothy Li via The Epoch Times,
The British Foreign Ministry on May 9 stated that it had summoned the Chinese ambassador after a London court convicted two men, including a former British immigration officer, of spying for the Chinese communist regime.
Bill Yuen Chung Biu (L) and Peter Wai Chi Leung (R), both charged with assisting Hong Kong intelligence service, arrive separately ahead of their trial at the Old Bailey in central London, on March 2, 2026. Carlos Jasso/AFP via Getty Images
The Chinese...
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Mar 22, 2026 / Dave DeCamp
US Bombs Somalia for 47th Time This Year
US Africa Command said on Saturday that its forces launched an airstrike in Somalia on March 19 as the Trump administration continues its record-breaking bombing campaign in the country amid the US-Israeli war against Iran. AFRICOM said the strike targeted al-Shabaab about 50 miles northeast of the town of Jamaame in Somalia’s Lower Juba region. […]
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