Mergers and Acquisitions
Ongoing coverage on Mergers and Acquisitions.
Latest coverage
GameStop (GME) CEO Ryan Cohen says proposed eBay acquisition valued at $56 billion
GameStop CEO Ryan Cohen has reportedly discussed a potential $56 billion acquisition offer from eBay. The details of this proposed deal were shared with The Wall Street Journal.
Microsoft Gaming Branding Was “A Temporary Legal Thing” for Activision Blizzard Acquisition – Rumor
A rumor suggests that Microsoft's rebranding of its gaming division to Microsoft Gaming was a temporary legal measure to facilitate the Activision Blizzard acquisition. The company has since reverted to the Xbox branding, with executives Asha Sharma and Matt Booty discussing future plans and a new logo. The initiative aims to refocus on console experiences and deliver great games.
GameStop is reportedly preparing an offer to buy eBay
GameStop is reportedly preparing an offer to acquire eBay. The Wall Street Journal reported that the offer could come as soon as this month, indicating a potential major business move for the gaming retailer.
GameStop CEO Announces Shocking Buyout Offer For eBay, Priced At $56 Billion
GameStop CEO Ryan Cohen has announced a $56 billion buyout offer for eBay, proposing to purchase the company at $125 per share. Cohen, who has secured $20 billion in debt financing from TD Bank, believes he can significantly increase eBay's valuation. This move follows Cohen's previous statements about pursuing major acquisitions to accelerate GameStop's transformation.
Memestock monster GameStop wants to try to devour eBay for some reason
GameStop is reportedly exploring the acquisition of eBay, a company four times its size, according to reporting from the Wall Street Journal. CEO Ryan Cohen has been building a stake in eBay's shares, potentially as part of a strategy to pivot GameStop towards collectibles and the second-hand trading market. This move comes as GameStop faces declining relevance in its traditional retail business and as Cohen pursues ambitious market value targets.
GameStop reportedly wants to buy eBay, a marketplace with four times its market value
GameStop is reportedly considering an offer to acquire eBay, a digital marketplace with a market value four times larger than its own. This move is part of CEO Ryan Cohen's plan to transform GameStop into a major business entity. Both companies' stocks saw an increase following the news.
GameStop (GME) is reportedly eyeing an acquisition of eBay
Video game retailer GameStop is reportedly preparing an offer to acquire e-commerce platform eBay. The Wall Street Journal reported on the potential acquisition, which would represent a significant move for GameStop beyond its traditional retail operations.
Business and Finance
GameStop is reportedly preparing an offer to acquire eBay, according to a report by The Wall Street Journal cited by Reuters. The potential acquisition signals a significant move for the gaming retailer into e-commerce.
Crimson Desert Studio Pearl Abyss Sells Eve Online Dev CCP for $120m
Pearl Abyss, the studio behind Crimson Desert and Black Desert Online, has sold Eve Online developer CCP Games for approximately $120 million to CCP CEO Hilma Patterson in a management buyout. The sale aims to improve Pearl Abyss's financial structure and management efficiency, though future collaboration between the two companies is possible. Crimson Desert has been a significant success for Pearl Abyss, selling five million copies.
Pearl Abyss has finally sold EVE Online studio CCP Games… to CCP Games’ own management
Pearl Abyss has sold EVE Online developer CCP Games back to its management team for $120 million USD. The sale comes almost a year after initial rumors and marks a strategic shift for Pearl Abyss, which acquired CCP Games in 2018 for $180 million. Despite EVE Online's strong performance, CCP Games' history of failed ventures led to the decision to divest.
Taiwan Semi (TSM) exits ARM position after dumping $231 million of shares
TSMC has confirmed its exit from its ARM holdings, having sold $231 million worth of shares. The company announced this decision alongside its latest earnings report.
Greedfall developer Spiders set to close
The Paris-based game developer Spiders, known for Greedfall: The Dying World, is set to close after its parent company Nacon failed to find a buyer. The studio confirmed its liquidation, stating that it will cease functions immediately, though Nacon will release the planned DLC. This follows reports of the cancellation of another project and insolvency filings by several Nacon subsidiaries.
China attempts to block Meta's $2 billion acquisition of Manus AI company
China's state planner has blocked Meta's $2 billion acquisition of AI company Manus AI, citing compliance with national laws and regulations. This decision halts Meta's expansion into new AI technologies through this significant investment.
AI Yi-Yi!
China has blocked Meta's proposed $2 billion acquisition of AI startup Manus, citing antitrust concerns. Meanwhile, Intel has warned that CPU prices may increase due to rising costs associated with artificial intelligence development and implementation.
Why publishers and investors are increasingly backing user-generated games over conventional ones
Investment in user-generated content (UGC) games, particularly on platforms like Roblox, is rapidly increasing, attracting venture capital and publishers who are shifting focus from traditional PC and console titles. Investment firm Double Black Capital notes that while major publishers are still observing, mid-market companies are actively acquiring UGC developers and games due to their high profitability and rapid deal cycles compared to conventional gaming acquisitions. This trend is also extending to platforms like Minecraft, with investors drawn to the potential for significant returns on investment with lower operating costs.
People Can Fly acquires Cooldown Games to establish dedicated publishing vertical
People Can Fly has acquired Texas-based publisher Cooldown Games, which was founded by former Gearbox Publishing veterans. This acquisition establishes a dedicated publishing vertical for People Can Fly, allowing them to internalize their go-to-market strategy and pursue third-party publishing agreements. Cooldown Games will operate as an independent division within the People Can Fly Group.
PEOPLE CAN FLY GROUP ACQUIRES COOLDOWN GAMES BRAND, PUBLISHING RIGHTS, AND VETERAN GEARBOX PUBLISHING TEAM TO RESTORE ITS GLOBAL PUBLISHING VERTICAL.
People Can Fly Group has acquired the Cooldown Games brand, its publishing rights, and a team from Gearbox Publishing to re-establish its global publishing vertical. This move aims to strengthen People Can Fly's self-publishing strategy, increase profit margins on owned intellectual property, and introduce a new revenue stream through third-party publishing agreements. The acquisition also provides growth capital and operational support to Cooldown Games' existing slate of titles.
People Can Fly Acquires Cooldown Games Brand
People Can Fly has acquired the Cooldown Games brand to establish a dedicated publishing vertical, aiming to generate recurring revenue through third-party publishing and increase profit margins on internally developed titles. This move strengthens People Can Fly's strategic flexibility and control over commercial outcomes, building on their previous collaboration for Bulletstorm: Full Clip Edition.
People Can Fly acquires Cooldown Games
People Can Fly has acquired the Cooldown Games brand and its publishing rights, establishing a dedicated publishing vertical within its group. This move advances People Can Fly's strategy to strengthen its self-publishing activities, with Cooldown Games operating as an independent division led by its existing team. The acquisition aims to generate recurring revenue through third-party publishing and increase profit margins on internally developed titles.
Google plans to invest even more money into Anthropic
Google plans to invest up to $40 billion in AI startup Anthropic, with $10 billion committed now and an additional $30 billion contingent on performance milestones. This follows Anthropic's recent agreements with Google and Broadcom for TPU capacity, and a similar $5 billion investment from Amazon. The deals highlight a pattern of significant investment and hardware commitments within the competitive AI industry.