H
recent
H
HOYONEWS
HomeBusinessTechnologySportPolitics
Others
  • Food
  • Culture
  • Society
Contact
Home
Business
Technology
Sport
Politics

Food

Culture

Society

Contact
Facebook page
H
HOYONEWS

Company

business
technology
sport
politics
food
culture
society

© 2025 Hoyonews™. All Rights Reserved.
Facebook page

GameStop shares fall 10% after CEO skirts questions over eBay acquisition details

about 4 hours ago
A picture


GameStop’s shares fell more than 10% on Monday as questions emerged about how the company would finance its surprise $55,5bn bid for eBay,In an interview with CNBC, Ryan Cohen, GameStop’s CEO, skirted repeated inquiries about how the video games retailer could afford the deal, saying he didn’t understand the questions,A letter published on GameStop’s website outlines a half-cash, half-stock proposal to acquire eBay at $125 a share, using about $9,4bn in “cash on hand”, and a $20bn in potential debt financing from TD Securities.

Adding that to GameStop’s market capitalization, valued at about $11bn, brings the total to around $40bn – $16bn short of what it offered in its unsolicited bid,“Where is the rest of the money coming from?” asked the CNBC journalist Becky Quick, following questions from Andrew Ross Sorkin, both co-anchors of the network’s morning talkshow, Squawk Box,“I don’t understand your question,” Cohen replied,“We’re offering half cash, half stock, and we have the ability to issue stock to get the deal done,But the full details of the offer are on our website.

” GameStop did not respond to a request for comment,The video game retailer’s most recent market valuation was about $12bn as of Friday, a fraction of eBay’s worth of $46bn,The games company rose to viral internet fame during the meme-stock craze in 2021, which turned Cohen into the movement’s figurehead and dubbed him the “meme king” by his online followers,Cohen said he had not had any conversations with eBay about the proposal, which eBay confirmed in a statement on Monday,The company declined to comment further until its board of directors had fully considered the proposal.

businessSee all
A picture

Spirit Airlines says it has nearly finished refunding customers after shuttering

Spirit Airlines has almost finished refunding customers for flights abruptly canceled over the weekend as the company folded.The budget airline left thousands of customers and staff stranded after deciding on Saturday to pull the plug on a business that was struggling for years, before a surge in the price of jet fuel blew a new hole in its budget.Spirit had scheduled about 4,000 flights through 15 May, according to Reuters.The airline has not made a profit since 2019, according to CNBC. The company attempted unsuccessfully to restructure in recent years after two bankruptcy filings

1 day ago
A picture

Investment or waste? How the M4 relief road plan for Newport sums up Wales’s economic quandary

It is afternoon rush hour on the M4 and drivers are yet again making slow progress around the city of Newport, often seen as the gateway to south Wales given its location between Cardiff and Bristol.Cars and lorries are stuck in gridlocked traffic in both directions on the approach to the Brynglas tunnels, where the road narrows to two lanes in each direction, while flashing lights warn motorists in Welsh and English of a ciw (queue).Traffic jams may be an everyday reality for commuters and businesses trying to move goods around, but they have also become a hotly debated topic before the Senedd elections on 7 May, in a vote predicted to bring sweeping political change to the country, and send Labour into opposition for the first time since devolution in 1999.Congestion on this part of the M4 – the main route linking south Wales with England – has been complained about by businesses and commuters for decades, while a relief road around Newport has been proposed for almost as long. Motorists say tailbacks cost time and money, and make the country less attractive to potential investors

1 day ago
A picture

Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart

Operation Epic Fury has thus far achieved none of Donald Trump’s war aims, but it may well accelerate the global transition towards the clean energy he loves to hate.Last week brought the latest exchange of verbal blows in the standoff over the strait of Hormuz. Iran was “choking like a stuffed pig” on the oil it was unable to export because of the US blockade, Trump claimed.From Tehran, the supreme leader shot back that foreigners who “maliciously covet” the waterway “have no place there except at the bottom of its waters”. To the rest of the world, the exchange raised the spectre of a prolonged impasse

1 day ago
A picture

UK airlines given green light to cancel or consolidate flights to conserve jet fuel

UK airlines will be able to cancel or consolidate flights this summer to conserve jet fuel as the war in the Middle East continues to disrupt supplies.The measures are being taken to avoid major disruption as Britons jet off on their summer holidays. Airlines are looking carefully at their timetables to see which flights can be cancelled in advance and cause the least delays.New legislation would allow for actions such as consolidating schedules on routes where there are multiple flights to the same place on the same day, which could be put in place to stop last-minute cancellations, the government announced on Sunday.The changes will allow airlines to give back a limited proportion of their allocated takeoff and landing slots without losing the right to operate them the following season

1 day ago
A picture

Dynamic pay on platforms such as Uber should be banned, says TUC

The practice of using “dynamic pricing” to set pay on gig economy platforms including Uber should be banned because it leaves workers at the mercy of shadowy algorithms with no certainty over their earnings, trade union leaders have urged.In a report exposing the human cost of the gig economy practice, the Trades Union Congress said pay was becoming decoupled from time, skill or effort. Instead, work had become a speculative practice with the rewards determined by an algorithmic process with little transparency.Under dynamic pricing, computer-driven algorithms set variable prices on a gig economy platform for customers and rates of commission for workers to match real-time supply and demand in a market.However, union leaders say the practice replaces fixed rates or transparent tariffs with opaque, constantly shifting pricing mechanisms, where the data used to determine the rewards and decision-making process are largely obscured

2 days ago
A picture

Political blame game begins and passengers left adrift after Spirit ceases operations

US airlines and government officials battled on Saturday to deal with stranded passengers and stricken employees after discount carrier Spirit Airlines abruptly ceased operations – and a political and business blame game got under way over the collapse of the low-cost carrier.“If you have a flight scheduled with Spirit Airlines, don’t show up at the airport; there will be no one here to assist you,” the US secretary of transportation, Sean Duffy, warned at a press conference after laying out measures for customers booked with the Florida-based company to obtain refunds or find discounted flights on other airlines.Spirit’s airport check-in desks sat empty across the country on Saturday after the company went out of business in the early hours, posting on its website that after 34 years of flying it had “started an orderly wind-down of our operations, effective immediately”.At the Orlando international airport overnight, a digital departure display sign was filled with bright red notifications of canceled Spirit flights.There were no more Spirit planes in the air, with their distinctive bright yellow paint, after the last flight landed in Dallas, Texas, after midnight and Spirit’s management announced it was the end, after talks for a government rescue failed

2 days ago
cultureSee all
A picture

‘We have to mock the site’s insanity’: comedian Tim Heidecker on the allure of becoming Infowars’ new boss

3 days ago
A picture

Prince’s death made me upend my life and move to his home town

3 days ago
A picture

Peter Kay show stopped and 19-year-old in custody after ‘suspicious bag’ found

3 days ago
A picture

The Guide #241: Wintour isn’t coming … and her Devil Wears Prada absence is for the best

3 days ago
A picture

Post your questions for Harry Potter and Fast Show star Mark Williams

4 days ago
A picture

Man who pocketed tiles from medieval priory as boy returns them 60 years later

4 days ago