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GameStop's 55.5bn bid for eBay rejected as 'neither credible nor attractive'

The Guardian

GameStop has built up a stake of 5% in eBay and is offering to acquire the company at $125 a share. GameStop has built up a stake of 5% in eBay and is offering to acquire the company at $125 a share. GameStop's $55.5bn bid for eBay rejected as'neither credible nor attractive' Online marketplace takes into account uncertainty around US video games retailer's financing proposal The board of eBay has rejected the US video games retailer GameStop's surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as "neither credible nor attractive". Earlier this month, GameStop made an unsolicited bid for eBay, publishing a letter on its website outlining a half-cash, half-stock proposal. This was despite the US games company - which became a global household name during the meme stock craze of 2021 - being worth far less than its takeover target.


GameStop makes 55.5bn takeover offer for eBay

The Guardian

GameStop's CEO said he could turn eBay into something worth hundreds of billions of dollars. GameStop's CEO said he could turn eBay into something worth hundreds of billions of dollars. GameStop makes $55.5bn takeover offer for eBay Video game retailer's CEO warns that unsolicited bid could turn hostile if it is rebuffed by resale site's board US video games retailer GameStop has offered to buy eBay for $55.5bn (£41bn) in an unsolicited bid that its boss warned could turn hostile if the proposal is rebuffed by eBay's board. GameStop, which has quietly accumulated a 5% stake in eBay, said it was willing to pay $125 a share, split 50-50 between cash and stock. It is an ambitious move by the games company, which catapulted to fame during the meme-stock craze of 2021 but is worth far less than its takeover target.


GameStop offers to buy eBay for 56bn

BBC News

Video game retail chain GamesStop confirmed to the BBC on Sunday that it is making a $56bn (£41bn) unsolicited takeover offer for e-commerce firm eBay. GameStop's chief executive Ryan Cohen told the Wall Street Journal that he sees potential to make eBay a much bigger rival to Amazon, worth hundreds of billions of dollars. Cohen said his company has built a stake of around 5% in eBay and that the cash and stock takeover offer would value eBay at $125 a share, around 20% higher than its closing price on Friday. The BBC has contacted eBay for comment. Cohen also said that GameStop has a commitment letter from TD Bank to provide around $20bn in debt to help finance the deal. There is nobody who is more qualified, based on my experience, to run the eBay business, added Cohen, who is also the co-founder of online pet-products retailer Chewy.


Your guide to the California state controller race: Democrat Malia Cohen faces challengers

Los Angeles Times

Things to Do in L.A. From left, Meghann Adams, Malia Cohen and Herb Morgan are running for state controller in the California primary election. California voters will choose who oversees the state's finances as incumbent Malia Cohen faces Republican Herb Morgan, a finance executive, and Meghann Adams, a school bus driver and Peace and Freedom Party member. Morgan proposes using blockchain and AI technology for real-time spending transparency, while Adams advocates corporate audits and redirecting billions toward education, housing and healthcare for working-class Californians. Cohen improved financial report timeliness but fell short on promised audits of homelessness programs, the DMV and Employment Development Department. The state's fiscal watchdog oversees the intake and outtake of public funds and audits departments across the state.



ABiasMetrics

Neural Information Processing Systems

Ninedifferentdebiasing algorithms (and a baseline) have been evaluated with this dataset using the popular ResNet-18 network[36]. CelebA contains faces of celebrities with several binary task labelsandtwoprotected labels(genderandyouth). Table 3showsthe prediction results from a biased binary classifier and its bias values using the seven metrics. Without losing generality, we consider "Sport" the positive class in the binary classifier. Following the DP formula in Appendix A.2, for the "Sport" class, thePPRfemale is 45.0% (90 /200), andPPRmale is65.0%


A Creepy New Device Is Spreading Across School Campuses. Students Are Being Harassed. Teachers Are Sounding the Alarm.

Slate

Users Meta's A.I. Smart Glasses Are Wreaking Havoc in Schools Across the Country. It's Only Going to Get Worse. As the discreet wearable cameras become more popular, students are saying they feel constantly watched and harassed--and professors are reshaping their classrooms in response. Joziah was tabling on campus for his peer mentor job at the end of last semester at Florida State University when he noticed something strange happening across the quad: A trio of men, wearing Meta AI glasses, were stopping every young woman who passed by and asking them for their social media contacts. "I recognized them from TikTok, because they're kind of big, especially in Miami," the 19-year-old told me.




Ben & Jerry's row deepens as three board members removed

BBC News

Ben & Jerry's row deepens as three board members removed Three members of Ben & Jerry's independent board will no longer be eligible to serve in their roles, after the ice cream company introduced a new set of governance practices. These include a nine-year limit set on board members' terms. Chair Anuradha Mittal, who earlier said she had no plans to resign under pressure, is among those affected. The move was criticised by the company's co-founder Ben Cohen, who called it a blatant power grab designed to strip the board of legal authority and independence. His remarks are the latest in a long-running row between Ben and Jerry's and its owner over the Cherry Garcia maker's social activism and the continued independence of its board.