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US inflation jumps, though long-term war impact yet to be seen Hospitals consider replacing some radiologists with AI Amazon takes a jab at Nvidia over chips shift VCs step in to fund university upstarts Exclusive: Anthropic is gaining on OpenAI’s revenue, but hasn’t yet eclipsed it Exclusive: AI powerhouses threaten data processing firms A South African artist is changing the way viewers understand Picasso’s Guernica Airbnb faces familiar battle in Cape Town First look at war-related inflation sparks political jostling View: China’s state businesses are reshaping markets in Africa US issues Nigeria travel warning over terrorism, kidnapping FirstRand exits UK business after regulatory hit Afreximbank’s $800M answer to Fitch Exclusive: Navy takes nuclear-powered sub offline after $800 million cost run-up Cuba leader says he will not step down Fed, Treasury summon Wall Street chiefs over AI fears How Bluesky earned its reputation — and why it could be the way of the future China eyes stronger Taiwan influence Orbán slams Hungary’s opposition as he trails in polls Iran war reshapes air travel, perhaps for the long term Tehran residents embrace calm amid tenuous truce Countries lack fiscal capacity to handle war fallout Higher producer prices ease China deflation fears Trump ‘optimistic’ on Iran peace talks Inside the five-year succession plan at a $130B warehouse giant Georges Elhedery on HSBC’s big bets on the Gulf and Asia Warsh’s Fed hearing slips past next week Moore takes on the Sun’s ‘MAGA billionaire’ and more Debatable: AI titans influencing regulation Americans still think taxes are too high, poll finds Lawmakers await Pentagon’s mystery funding request Semafor convenes largest US CEO gathering next week in Washington American Gen Zers are growing more uneasy about AI Amazon defends high AI spending AI turbocharges Chinese microdrama industry OpenAI pauses UK Stargate project UK rejects Iran’s Hormuz toll plan Israel, Lebanon to hold direct talks Republicans fight among themselves over their long pre-election to-do list Exclusive: Gulf sovereigns quadruple private credit portfolios Abu Dhabi’s Mubadala soars after dealmaking spree View: Ceasefire offers respite, but no quick rebound for the Gulf A Saudi oil magazine is publishing some of the best writing about the Islamic world Exclusive: SpaceX bankers game plan to blunt post-IPO selling tsunami Exclusive: Hormuz closure turns truckers into logistics saviors View: As Republicans embrace AI in campaigning, Democrats bet on a backlash Oil prices remain high despite Iran ceasefire Ancient philosopher text unearthed Panama pushes back against China in canal row China’s yuan set to strengthen due to Middle East war View: Ceasefire shows the power of Iran’s energy weapon EU faces ‘stagflation’ over war, economy official warns Trump slams NATO again Iran war support Iran maintains firm grip on Hormuz traffic Israel’s attacks in Lebanon threaten Iran war truce VP Vance to lead Iran 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Gamestop CEO’s unsolicited bid for eBay looks DOA
Rohan Goswam · 2026-05-06 · via Semafor

eBay’s board will meet this week to review an unsolicited $56 billion bid from GameStop’s Ryan Cohen, according to people familiar with the matter. The billionaire didn’t help his case Monday, when he squandered what goodwill he had with the Street in a disastrous CNBC interview, playing to his base rather than the investors he now needs.

Cohen’s problem is that he’s made a name for himself as a friend of retail investors by showing contempt for the legacy financial press and big institutional investors. But those investors are crucial if he is serious about taking over eBay. (That’s an open question; Cohen didn’t fully commit to staying around the hoop — “There’s ways to do something before next year,” he said of a potential proxy fight — and has already lost one of his biggest boosters.)

Asked to explain the deal math for the investors tuned in to Squawk Box, Cohen simply said,“It’s on our website.” A visibly exasperated Andrew Ross Sorkin and Becky Quick put in yeoman’s effort, with zero to show for it.

eBay shares traded up more than 12% going into Cohen’s interview, but now sit exactly where they were before Cohen announced his bid. He scored points with his loyalest fans for “mogging” CNBC, as one FinTwit commentator put it, but failed to convince any serious shareholders to publicly back him.