GameStop increases stake in eBay to over 6%, doubling down on $55.5B takeover bid

GameStop's share increase plan could significantly alter its market strategy, potentially reshaping its competitive stance in e-commerce. The post GameStop seeks to boost share count to 2.5 billion amid eBay pursuit appeared first on Crypto Briefing.

Gaming retailer GameStop wants to add 1.5 billion shares to its authorized share count as it seeks to maximize financial flexibility.

Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The deal marks one of the clearest signs yet that major Korean banks are moving deeper into digital assets. Kakao Sells $670M Dunamu Stake to Hana Bank Hana Bank has agreed to acquire a significant stake in […]

Entain General Counsel Simon Zinger has written directly to six Premier League clubs, urging them to commit to UK-licensed gambling sponsors only for the 2026/27 season, citing Stake’s “heavy reliance on cryptocurrency” and BJ88’s use of “unregulated payment methods like cryptocurrency to evade financial oversight” in letters reported by SBC News today. Entain’s General Counsel […]

OKX is reportedly seeking a 20% stake in South Korean crypto exchange Coinone as foreign and domestic firms compete for market access.

GameStop's rejected bid highlights the challenges of transforming traditional retail into e-commerce, emphasizing strategic and financial hurdles. The post eBay rejects GameStop’s $55.5 billion takeover bid, calling it ‘neither credible nor attractive’ appeared first on Crypto Briefing.

The post eBay rejects GameStop’s $56B unsolicited takeover proposal appeared on BitcoinEthereumNews.com. GameStop, the video game retailer turned meme stock phenomenon, just tried to buy eBay for roughly $56 billion. eBay’s board said no, and they weren’t exactly polite about it. The unsolicited proposal valued eBay at approximately $125 per share. The board, led by chair Paul Pressler, unanimously rejected the bid, describing it as “neither credible nor attractive.” The quiet stake that preceded the loud bid This wasn’t a bolt-from-the-blue proposal. GameStop has been steadily accumulating an approximately 5% stake in eBay since February, building a meaningful position before lobbing the takeover offer over the wall. Why eBay isn’t interested eBay’s rejection wasn’t ambiguous. When a board uses phrases like “neither credible nor attractive,” they’re doing two things simultaneously: questioning both the buyer’s ability to close and the valuation itself. The “not credible” portion raise

eBay's rejection highlights the challenges GameStop faces in its transformation efforts, emphasizing the need for sustainable growth strategies. The post eBay rejects GameStop’s $56B acquisition bid as unappealing appeared first on Crypto Briefing.