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GameStop CEO Ryan Cohen mulls dropping $56B eBay takeover bid: report
GameStop $GME has disclosed a stake in $EBAY worth almost 10% of the company
GameStop CEO Ryan Cohen says "a lot of parties" have expressed interest in joining the eBay acquisition.
Games Done Quick is getting huge backlash after it canceled its planned sponsorship with SNK following concerns raised by community members. The concerns are because SNK is mostly owned by Saudi Arabia’s Public Investment Fund. GDQ said it will not accept any money from the sponsorship and admitted it should have checked the sponsor more carefully. They said it will do better to ensure sponsors match its values on human rights and inclusivity.
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Games industry analyst Dr. Serkan Toto says that even if 500,000 PlayStation Plus subscribers canceled their memberships to protest Sony’s decision to stop releasing physical PlayStation games, it wouldn’t be enough to make the company change its plans. Sony has around 50 million PS Plus subscribers, so losing 500,000 would be only about 1% of its subscriber base. Toto called that “just a drop in the ocean.” Extra context: Toto is affiliated with Keio University, which has worked with Sony on research and published studies on microlens technology. Some people online have claimed the university could benefit monetarily by developing the microlenses that will supplant the Austrian disc factory
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Games you should go into blind
Games Workshop made a statement after fans saw a Space Marine with an extra finger in new Warhammer art and thought AI was used. The company explained it: "Does that Space Marine have an extra finger? Yes, but it is not AI or early signs of mutation among the Traitor Legions. So please go easy on our artists. They are only and completely human."
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GameStop reports earnings Wednesday 🕹️ The old meme stock has quietly turned into something else — a video game retailer with billions in cash and a growing bitcoin stash. Collectibles are now driving the revenue. What analysts expect: - EPS: $0.16 (up 77.8% from $0.09 l
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GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
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