Mergers and Acquisitions
Ongoing coverage on Mergers and Acquisitions.
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eBay shoots down 'neither credible nor attractive' $56 billion GameStop offer from CEO who says 'I'm…
eBay has rejected a $56 billion acquisition offer from GameStop, stating the proposal was neither credible nor attractive. GameStop CEO Ryan Cohen expressed his determination to pursue the deal despite eBay's rejection. eBay's board cited the company's strong performance and strategic focus as reasons for declining the offer.
eBay rejects GameStop's offer, calling it 'neither credible nor attractive'
eBay has rejected a takeover offer from GameStop, stating that the proposal was neither credible nor attractive. This rejection could potentially lead to a hostile takeover attempt by GameStop.
eBay Rejects GameStop CEO Ryan Cohen's $56 Billion Offer to Buy the Company, Calls It 'Neither Credible nor Attractive'
eBay has officially rejected a $56 billion offer from GameStop CEO Ryan Cohen to purchase the company. eBay's board deemed the offer neither credible nor attractive.
Sega reports $31.6m net loss during FY26, cancels 'Super Game' project amid strategic pivot
Sega Sammy reported a net loss of $31.6 million for the fiscal year ending March 31, 2026, impacted by significant impairment losses from its acquisitions of Rovio and Stakelogic. The company is pivoting its strategy, reducing the priority of free-to-play games and reassigning over 100 developers to full game development. The ambitious 'Super Game' project has also been cancelled.
eBay's Rejection Letter To GameStop's $56 Billion Bid Pulls Absolutely No Punches
eBay has officially rejected GameStop's $56 billion bid to acquire the company, citing concerns about GameStop's ability to finance the deal and the potential negative impacts on eBay's long-term growth. The eBay board deemed the proposal neither credible nor attractive, stating that eBay is performing well independently. GameStop CEO Ryan Cohen may still attempt a hostile takeover by appealing directly to eBay's shareholders.
Cosplayers plan to storm EA headquarters today to protest Saudi Arabia buyout
Cosplayers are planning to protest at Electronic Arts headquarters against a proposed $55 billion buyout by a consortium including Saudi Arabia's Public Investment Fund and Jared Kushner's Affinity Partners. The protest aims to deliver a 70,000-signature petition and raise concerns about potential staff layoffs, increased monetization, and studio closures.
MMO Week in Review: The big rebranding of CCP Games
CCP Games, the studio behind EVE Online, has rebranded to Fenris Creations and announced a partnership with Google DeepMind for AI development. This news comes amidst other MMO updates including Guild Wars 2's new zone, Conan Exiles' Enhanced version, and acquisitions like Daybreak buying Cold Iron Studios.
Mark Ruffalo Klaim Hollywood Takut Tolak Merger Warner Bros-Paramount
Actor Mark Ruffalo claims many Hollywood figures are afraid to oppose the potential merger between Warner Bros. Discovery and Paramount due to fear of retaliation. He and Matt Stoller argue that this fear is a fundamental reason to block the deal, which they believe will lead to job losses, reduced opportunities for creators, and fewer choices for audiences. The article also mentions Paramount's acquisition of Warner Bros. Discovery for $110 billion, with Netflix having withdrawn its competing offer.
Sony confirms $765M in ‘impairment losses’ against Bungie in its 2025 fiscal year report
Sony reported significant "impairment losses" of approximately $765 million against Bungie's intangible assets in its fiscal year 2025 report. Despite these losses, Sony's gaming sales remained flat, with expectations of steady double-digit profit growth in fiscal year 2026. This follows Sony's $3.6 billion acquisition of Bungie in 2022, with the studio facing increasing financial pressure and scrutiny.
"Our players are going to be pretty psyched": Hasbro CEO talks D&D, video games, and playing to win
Hasbro CEO Chris Cocks discusses the company's strategy for its intellectual properties, particularly Dungeons & Dragons, emphasizing a 'Playing to Win' approach that focuses on innovative experiences and engaging adult fans. Cocks highlights the success of Baldur's Gate 3 as an example of adapting D&D for digital platforms and expresses excitement for upcoming digital titles like Exodus, a 'D&D in space' inspired RPG.
Is Bungie Sony's Worst Ever Acquisition After $765 Million Write-Down?
Sony has reported a $765 million impairment loss on its acquisition of Bungie, significantly devaluing the developer since its $3.6 billion purchase in 2022. This write-down, partly due to the underperformance of games like Marathon and Destiny 2's declining player base, raises questions about whether Bungie is Sony's worst acquisition. The article also touches on Sony's broader struggles with live service games and other studio acquisitions.
Sony took a $765 million impairment loss in FY25 on the $3.6 billion Bungie acquisition
Sony reported a $765 million impairment loss in its fiscal year 2025 on the $3.6 billion acquisition of Bungie. The makers of Marathon and Destiny 2 continue to be a financial weakness for Sony's Game & Network Services segment.
Sony reports $765 million impairment loss on Marathon and Destiny 2 studio Bungie for the last financial year, after…
Sony reported a significant impairment loss of approximately $765 million against Bungie's assets for the 2025 fiscal year. This loss is attributed to underperformance of titles like Marathon, which did not meet expectations following Bungie's $3.6 billion acquisition in 2022. Despite these financial setbacks, Sony's overall games division sales remained flat, with positive projections for the coming year.
GamesStop wants eBay, Nintendo confirms Switch 2 price hike, and union boss says EA buyout is a national security risk - Patch Notes #51
This week's gaming news roundup covers GameStop's $55.5 billion takeover bid for eBay, Nintendo's confirmation of price hikes for the Nintendo Switch 2, and concerns raised by a union boss regarding the potential Saudi Arabian buyout of Electronic Arts, citing national security risks. The article also touches on internal leadership changes at Xbox, layoffs at 2K, and the rebranding of CCP Games.
Cosplaying Gamers Will Raid EA HQ To Protest Saudi Arabia's $55 Billion Buyout
Gamers are planning a cosplay protest at Electronic Arts' headquarters on May 11 to oppose Saudi Arabia's Public Investment Fund's proposed $55 billion buyout. The Players Alliance HQ group aims to deliver over 70,000 petition signatures and raise awareness about potential negative consequences like layoffs and increased monetization due to the debt burden on EA.
Krzysztof Krawczyk acquires a stake in G2A and becomes Chairman of the Advisory Board, strengthening the platform’s global growth strategy
Krzysztof Krawczyk has acquired a minority stake in G2A Group and assumed the role of Chairman of the Advisory Board. This strategic move aims to bolster the digital entertainment marketplace's global growth and operational scaling. Krawczyk's extensive investment experience will guide G2A's expansion, particularly in AI development and potential acquisitions.
Krzysztof Krawczyk acquires a stake in G2A and becomes Chairman of the Advisory Board, strengthening the platform’s global growth strategy
Krzysztof Krawczyk has acquired a minority stake in G2A Group and assumed the role of Chairman of the Advisory Board. This strategic move aims to bolster G2A's global growth and operational scaling, leveraging Krawczyk's nearly 30 years of investment experience. The partnership also emphasizes G2A's transition towards an AI-native ecosystem and its expansion into new markets and digital categories.
Sony Writes Off Another $565 Million Impairment Loss Against Bungie
Sony has recorded another $565 million impairment loss against Bungie, bringing the total write-off to $769 million in the last financial year. This significant loss, representing over 20% of the acquisition cost, impacts the perceived value of Bungie and its ongoing titles like Marathon. Despite this, Sony's gaming division reported a 12% increase in operating income.
GameStop-eBay saga gets weirder: CEO says he was suspended from eBay for selling stuff on eBay 'to pay for…
GameStop CEO Ryan Cohen has claimed he was temporarily suspended from eBay for allegedly putting the community at risk, though his account is now viewable again. This incident follows GameStop's $56 billion acquisition offer for eBay, which has been met with skepticism due to GameStop's financial standing. Concerns have also been raised that some items Cohen is selling on eBay may have originated from the Game Informer vault.
CCP Games rebrands as Fenris Creations following sale from Pearl Abyss
CCP Games, the developer of Eve Online, has rebranded as Fenris Creations following its $120 million sale from Pearl Abyss. As part of the transition, Fenris Creations has formed a research partnership with Google DeepMind, which also acquired a minority stake in the studio. The partnership will focus on advancing AI research using Eve Online as a testbed.
