Aggregator

The pub is a favourite in the area

GameStop has made an unsolicited $56 billion cash-and-stock offer to buy eBay (paywalled; alternative source), with CEO Ryan Cohen arguing he can turn the marketplace into a far larger Amazon competitor. "EBay should be worth -- and will be worth -- a lot more money," Cohen said in an interview. "I'm thinking about turning eBay into something worth hundreds of billions of dollars." The Wall Street Journal reports: Cohen said GameStop has a commitment letter from TD Bank to provide up to $20 billion in debt financing to help make a deal possible. GameStop delivered an offer letter to eBay on Sunday and released a copy of it following the Journal's report on the details of the bid. Cohen wrote in the letter to eBay Chairman Paul Pressler that GameStop started building its eBay position on Feb. 4. It said its offer consists of 50% cash and 50% GameStop shares. EBay said Monday morning its board and financial advisers would review GameStop's unsolicited proposal. It said there were no discussions with or outreach from GameStop before receiving the offer. Ebay added that it will review the offer "with a focus on the value to be delivered to eBay shareholders, including the value of the GameStop stock consideration and the ability of GameStop to deliver a binding, actionable proposal." If eBay isn't receptive, Cohen said he was prepared to run a proxy fight and take the offer directly to its shareholders. The window for shareholders to nominate director candidates at eBay ahead of an annual meeting scheduled for this June has already closed, according to the company's proxy materials. Cohen told the Journal that putting his videogame retailer and eBay under one roof could create opportunities to cut costs and improve earnings. The two companies have some overlap already, including a focus on selling collectibles such as trading cards. "There is nobody who is more qualified, based on my experience, to run the eBay business," Cohen said, referencing his time at GameStop and previously Chewy, the online pet-products marketplace he co-founded.

Read more of this story at Slashdot.

The Royal Navy's fleet of frigates was reduced to just five today after the withdrawal of HMS Iron Duke - while the Army has 'no money to buy weapons'. She is to be retired despite £103m refit.

Nobody is under any illusion that the Met Gala comes cheap - but even by its famously stratospheric standards, this year's ticket price has raised eyebrows.

Former owner Galton Blackiston has been replaced - but supporters point out Norfolk hotspot Morston Hall's Michelin star was reconfirmed just before he left.

It's not the fork that's the problem, it's the attempt to make it look official, says original Notepad++ dev Don Ho

It's not the fork that's the problem, it's the attempt to make it look official, says original Notepad++ dev Don Ho

Notepad++ remains a Windows-only app, at least under that name. The beloved developer-focused, open-source text editor recently was ported to macOS by a third party. However, developer Don Ho wants to be perfectly clear that, no matter how convincing the new project might look, it's not official. …

Kim Kardashian shared a series of throwback snaps to Instagram of her dazzling array of Met Gala looks over the last 13 years.

KIERAN GILL AT STAMFORD BRIDGE: The teenager alarmingly did not use his arms to break his fall as he collapsed to the floor in mid-air.

Layla Nicholson was left 'pleasantly surprised' after booking a 24-hour trip to Faro's Old Town, where she basked in 30C sunshine, feasted on octopus salad and explored cobbled streets.

Fresh details published by the US National Transportation Safety Board appear to confirm suspicions that the China Eastern Airlines Flight was intentionally crashed into mountains in 2022.

Marc Rieben, 43, is said to have used a jigsaw tool, a knife and garden shears on Kristina Joksimovic's body before 'pureeing' her remains in a blender.

High-income countries are on track to eliminate cervical cancer - once a leading cause of cancer death for women in the UK - by 2048, a new study has found.

Keir Starmer is in Armenia for a meeting of the European Political Community, meeting counterparts including Emmanuel Macron.

As temperatures rise, tourists have begun to infest the streets of the quaint villages that line the Amalfi Coast, knocking peeling shoulders against each other.

The opera singer, 38, who shares Wilder, four, and 18-month-old Hunter with the ex rugby player, 39, took to Instagram to show off the swelling, 24-hours after her 'intensely' painful procedure.

The charity fundraiser for the Costume Institute of the Metropolitan Museum of Art in New York will be held this evening.

A project to create Halstead Community Arts Centre is now being finalised, as plans to see the Empire Theatre expanded are confirmed.

Thomas McKenna operated a hidden weapons workshop at the site

Astronomers have identified 27 potential new circumbinary planets -- worlds that orbit two stars, like Star Wars' Tatooine. "To date, only about 18 circumbinary planets ... had been identified in the universe," reports the Guardian. "More than 6,000 planets have been discovered that orbit single stars, like Earth does around the sun." The Guardian reports: In a timely publication for May 4, also known as Star Wars Day, scientists have identified nearly 30 more candidate planets, whose distances range from 650 to 18,000 light years away from Earth. [...] More than half of the stars in the universe exist in binary or multiple star systems. The researchers instead used a method known as "apsidal precession," searching for a wobble between stars that orbit around and eclipse each other. "If we monitor the exact timing of these eclipses ... that can tell us that there's something else going on in the system," said Margo Thornton, the study's lead author and a PhD candidate at UNSW. After eliminating other factors such as the rotation and gravitational pull of the two stars, the team identified 36 star systems out of 1,590 whose behavior could only be explained by a third body. For "27 of those objects, it is possible that they are planet mass," Thornton said. More research into their spectra -- the light they emit -- was needed to formally confirm them as circumbinary planets, she said. "It's just a matter of: what is the mass of it? Is it a planet? Is it a brown dwarf? Is it a star?" The team discovered the potential planets -- which likely range from Neptune-sized to ten times heavier than Jupiter -- using data from Nasa's Transiting Exoplanet Survey Satellite, a planet-hunting space telescope that launched in 2018. The research was published in the Monthly Notices of the Royal Astronomical Society.

Read more of this story at Slashdot.