TECH NEWS

eBay rejects GameStop’s $56 billion acquisition bid

Jess Weatherbed is a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews.

eBay has officially rejected GameStop’s offer to buy the online marketplace for $56 billion, citing concerns around “operational risks” and how the acquisition will be financed. In a letter to GameStop CEO Ryan Cohen on Tuesday, eBay’s board of directors said it has “concluded that your proposal is neither credible nor attractive.”

“We have taken into account such factors as 1) eBay’s standalone prospects, 2) the uncertainty regarding your financing proposal, 3) the impact of your proposal on eBay’s long-term growth and profitability, 4) the leverage, operational risks, and leadership structure of a combined entity, 5) the resulting implications of these factors on valuation, and 6) GameStop’s governance and executive incentives.

eBay is a strong, resilient business that has delivered meaningful results over the past...

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General Catalyst just led a $63M bet on India’s travel payments market

Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, has raised $63 million in a funding round led by General Catalyst, with existing investors Peak XV Partners and Z47 also participating. The deal comes despite a broader slowdown in fintech dealmaking. The all-equity round

Samsung Union Suspends Strike After Reaching Tentative Deal On Bonuses

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MeitY Holds National Workshop to Strengthen Cyber Security Frameworks for State Data

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General Catalyst just led a $63M bet on India’s travel payments market

Samsung Union Suspends Strike After Reaching Tentative Deal On Bonuses

MeitY Holds National Workshop to Strengthen Cyber Security Frameworks for State Data

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