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eBay tells GameStop to keep the carpet: $56bn bid “neither credible nor attractive”
Ryan Cohen offered $125 a share, partly to be funded by a $20bn TD Securities commitment letter and, briefly, by selling old store signs on eBay itself. The eBay board, which had to ban and then unban him during the process, says no. eBay has formally rejected GameStop’s $56bn takeover bid, telling the video-game retailer’s […]<br /> This story continues at The Next Web [...]
EU charges Meta and TikTok over failures to tackle illegal content
The European Commission has found that Meta and TikTok had violated rules under the Digital Services Act (DSA) and is now giving them the chance to comply if they don't want to be fined up to 6 percent of their total worldwide annual turnover. According to the Commission, Facebook, Instagram and TikTok have "put in place burdensome procedures and tools" for researchers who want to r [...]
American Express acquires TheFork for $700m to build out its dining empire
American Express acquires TheFork, the European restaurant-reservation platform, from Tripadvisor for $700m in cash. The payments company announced the proposed deal on Monday, adding a booking network of more than 50,000 restaurants across 11 European countries to a dining business it has been quietly assembling for years. The structure is an all-cash put-option agreement, a […]<br /> Thi [...]