GameStop

eBay rejects GameStop’s US$56 billion bid as ‘neither credible nor attractive’

Analysts doubt that the buyout from the video game retailer for a company four times its market value will close

On Sunday, GameStop offered US$125 a share in cash and stock for eBay.

GameStop CEO says eBay shut his account after buyout funding stunt

He has put up personal items, including a pair of socks, to fund his US$56 billion bid for the platform

The proposal comes as GameStop grapples with disruptions from a shift towards online shopping and digital purchases from its brick-and-mortar roots.

GameStop offers to buy eBay for about US$56 billion

A potential deal would upend the usual M&A playbook, as it is rare for a company to target one nearly four times its size

GameStop’s entry into the market comes even as investors appear to be growing more sceptical of the strategy.

GameStop to borrow US$1.3 billion to fund Bitcoin buying spree

The cryptocurrency is down roughly 18 per cent from an all-time high in January, and investors are bailing on a variety of risky assets amid tariff uncertainty and choppy economic data

A wave of companies that have followed Strategy’s footstep have seen their stock prices soar after announcing plans to buy Bitcoin.

GameStop is latest public firm to jump on the Bitcoin bandwagon

A variety of companies ranging from medical tech provider to hotel developer have been inspired by the rise of Strategy

GameStop has been grappling with a slower turnaround of its main business as it struggles to ramp up sales of videogame hardware and collectibles.

GameStop reports third-quarter profit on spending cuts

GAMESTOP reported a third-quarter profit on Tuesday (Dec 10) as the video game retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.

GameStop brick-and-mortar retail business struggles to adapt to the shifts in gaming from physical disks to software downloads.

GameStop swings to unexpected profit even as sales slide

GAMESTOP reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit.

The meme stock mania was fuelled in part by investors stuck at home during the pandemic, and led to a “short squeeze” that caused losses for hedge funds betting stock prices would fall.

‘Roaring Kitty’ lawsuit over GameStop is withdrawn for now

INVESTORS in GameStop have for now withdrawn their lawsuit accusing Keith Gill, who is known as “Roaring Kitty” and helped spur the meme stock mania of 2021, of defrauding them through a “pump-and-dum...

GameStop shares were down 11.6 per cent at US$25.38 on Monday afternoon after the annual general shareholder meeting, which lasted about 20 minutes.

GameStop shares tumble after CEO says store network will shrink

SHARES of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but did not provide details on what it intends to do ...

The company’s last shareholder meeting in June 2023 took less than 15 minutes and included a brief statement from CEO Ryan Cohen.

GameStop's fans await shareholder meeting, after high demand derailed first attempt

Shares of the video game retailer have gyrated wildly over the last month after the stock influencer who helped kick off meme stock mania in 2021 reappeared