Online marketplace eBay has turned down a $55.5 billion takeover proposal from video game retailer GameStop, describing the offer as unsolicited and unattractive. In a letter addressed to GameStop Chief Executive Officer Ryan Cohen, eBay’s Board of Directors said it rejected the proposal after reviewing concerns surrounding the financing structure, operational risks, and long-term impact…
GameStop is planning a Mario-themed celebration in New York City as it attempts to break the world record for the largest gathering of people dressed as the iconic video game character Mario. The event is scheduled for March 10, widely known among fans as Mario Day because of the “Mar 10” date format. Organisers say…
GameStop has announced plans to shut down a “significant number” of additional stores in the coming months while shifting some of its financial focus toward cryptocurrency investments. In a regulatory filing on Tuesday, the struggling video game retailer revealed that it has already closed nearly 1,000 stores worldwide over the past year, with the majority…
Keith Gill, the investor famously known as “Roaring Kitty,” has sparked another wave of interest in meme stocks, prompting Wall Street to consider regulatory action. Gill, who previously played a significant role in the 2021 GameStop trading frenzy, disclosed in a recent Reddit post that he purchased nearly $116 million worth of GameStop stock and…
GameStop shares experienced a remarkable surge on Monday following the unexpected return of the trader, known as Roaring Kitty, whose social media posts were instrumental in fueling the meme stock frenzy of 2021. The surge, which saw GameStop shares rise by 74%, was attributed to a meme shared by Keith Gill, also known as Roaring…
