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GME News18 articles
Ryan Cohen Intensifies $55.5 Billion eBay Bid, Threatens Shareholder Appeal
GameStop CEO Ryan Cohen is pushing forward with a $55.5 billion bid for eBay, threatening a direct appeal to shareholders if the board resists. eBay shares trade below the offer price.
Oil Surge Sends Dow Down 557 Points; Palantir Slips After Hours
The Dow dropped 557 points as oil prices spiked due to Iranian attacks near the Strait of Hormuz. Palantir slipped after hours despite strong earnings and a raised 2026 outlook.
Wall Street Slides as Oil Surge and Strait of Hormuz Clashes Rattle Markets
U.S. stocks fell sharply Monday as oil prices surged over 5% following renewed attacks near the Strait of Hormuz, with the Dow losing 557 points.
Dow Plunges 500 Points as Oil Surge Sparks Market Jitters
The Dow fell 500 points as oil prices surged past $114 on Strait of Hormuz tensions, with UPS and FedEx sliding on Amazon's logistics move.
Dow Plunges 450 Points as Strait of Hormuz Tensions Fuel Oil Surge
The Dow dropped nearly 450 points Monday as oil surged 5% on Strait of Hormuz tensions. Amazon's logistics expansion hit UPS and FedEx, while GameStop launched a $56B bid for eBay.
Oil Surges Past $110 on Iran Strait Tensions, Futures Swing
Oil spiked above $110 after Iran claimed to repel a US warship near the Strait of Hormuz, though US officials denied any strike. Brent crude briefly topped $113, and US stock futures swung sharply.
GameStop's $56B Bid for eBay Faces Skepticism as Stock Lags Offer
GameStop's $55.5 billion bid for eBay, offering $125 per share, has sparked a takeover battle, but eBay's stock remains below the offer price due to investor skepticism.
GameStop's $55.5 Billion eBay Offer Faces Skepticism as Cohen Pursues Transformation
GameStop's $55.5 billion bid for eBay at $125 per share faces Wall Street skepticism, with eBay's market cap nearly four times larger. EBay shares rose but stayed below offer, while GameStop fell 3%.
Dow Futures Slide as Middle East Tensions Drive Oil to $100, Testing Wall Street's Record Rally
US stock futures dropped early Monday after unconfirmed reports of a US warship strike near the Strait of Hormuz pushed oil 5% higher, stoking inflation concerns and testing Wall Street's record run.
Paul Tudor Jones Warns of Negative Decade Returns as Market Cap Hits 252% of GDP
Paul Tudor Jones warns the S&P 500 may deliver negative returns over the next decade as total U.S. stock market capitalization hits a historic 252% of GDP, exceeding pre-Great Depression and dot-com bubble levels.
eBay Soars on Report of GameStop Takeover Bid
eBay shares surged over 13% after-hours on reports that GameStop is preparing a takeover bid. The potential deal raises questions about financing and strategic fit.
GameStop Prepares Bid for eBay, Testing Cohen's $100B Goal
GameStop is preparing a takeover bid for eBay, with CEO Ryan Cohen's $100B market cap compensation plan on the line. eBay shares surged 14% after-hours.
Nasdaq Breaks 25,000 as S&P 500 Reaches New Peak
The S&P 500 and Nasdaq set new records, driven by robust Q1 earnings. GameStop shares rose on reports of a potential eBay offer.
eBay Shares Surge on Q1 Beat and GameStop Acquisition Rumors
eBay shares rose 9% in extended trading following a Q1 earnings beat and reports that GameStop may make a bid for the online marketplace.
GameStop's $9 Billion War Chest Fuels Stock Rally
GameStop shares climbed to $26.61 as the market speculates on CEO Ryan Cohen's strategy for the company's $9 billion cash pile. Q4 results revealed a sales decline but improved operating income.
GameStop Shares Dip as Trade-In Promotion Ends, Valuation Questions Loom
GameStop shares slipped 1.6% to $25.24 after a promotional trade-in deal ended, reigniting debate over the company's valuation and its transition to collectibles.
GameStop Surges on Deal Speculation and CEO Ambitions
GameStop shares climbed more than 4% Wednesday, trading above $25 as renewed interest in CEO Ryan Cohen's acquisition strategy and a promotional push fueled buying. The stock's move reflects investor focus on the company's substantial cash reserves rather than its declining core business.
GameStop's $9 Billion Cash Hoard Overshadows Q4 Sales Decline
GameStop reported a 14% drop in fourth-quarter revenue to $1.104 billion, though net income remained steady at $127.9 million. The company's cash reserves surged to $9.0 billion, nearly matching its market capitalization and intensifying speculation about future acquisitions or capital allocation.