By nytimes
Publication Date: 2026-05-12 12:17:00
Andrew here. Breaking: EBay’s board rejected GameStop’s $55 billion offer to buy the company, calling it “neither credible nor attractive.” It took issue with the plan by GameStop’s C.E.O., Ryan Cohen, including “the uncertainty regarding your financing proposal” and “the leverage, operational risks and leadership structure of a combined entity.”
Of course, with GameStop’s market value worth nearly a fifth of its takeover target’s, a deal would mean that eBay would actually swallow GameStop. (That’s something that Cohen struggled to explain last week.) Now the question is whether Cohen will drop his long-shot bid — or try to run a hostile takeover.
“Below them, above them, around them”
The trial pitting Elon Musk against OpenAI promised appearances by some of the artificial intelligence industry’s biggest names, including Musk himself and, later this week, Sam Altman.
Monday featured another major mogul, the Microsoft C.E.O. Satya Nadella, who faced a…
