GameStop has submitted a $56 billion acquisition offer for eBay, aiming to create an e-commerce platform capable of competing with Amazon, but markets widely question the feasibility of its financing plan.
GameStop chairman Ryan Cohen has proposed a $55.5 billion takeover of eBay aiming to build a stronger competitor to Amazon
Canadian quantum computing company Xanadu (XNDU) plunged over 67% in pre-market trading after filing to register 294 million shares for resale with the SEC.
Spirit Airlines, which ceased operations after a rescue deal fell apart, says it has nearly finished refunding all affected customers
US gasoline prices rose more than 30 cents per gallon in the past week, with the Strait of Hormuz closure and Iran conflict pushing energy costs higher
GameStop has made an unsolicited $56 billion acquisition offer to e-commerce platform eBay, with CEO Ryan Cohen revealing a roughly 5% stake in the company.
Berkshire Hathaway holds its first annual shareholder meeting in Omaha without Warren Buffett. Successor CEO Greg Abel receives positive reviews. Q1 profits surge as cash reserves hit $397 billion.
The United States has imposed sanctions on five Chinese companies involved in Iranian oil trade as part of its pressure campaign on Iran. China’s Ministry of Commerce responded with a blocking order, directing Chinese firms not to recognize, implement, or comply with US sanctions.
China’s Ministry of Commerce declares US sanctions against five ’teapot’ refineries violate international law, escalating Sino-US tensions over Iranian oil imports.
Ultra-low-cost carrier Spirit Airlines officially ceases operations on May 1, marking another major setback for the US aviation industry’s post-pandemic recovery.