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Business May 12, 2026

eBay Rejects GameStop's $56 Billion Takeover Bid as 'Not Credible'

eBay has rejected GameStop's $56 billion takeover bid, calling the proposal 'neither credible nor a…
The LeadeBay has firmly rejected GameStop's $56 billion takeover bid, calling the proposal "neither credible nor attractive" due to financing concerns and doubts about the combined company's growth prospects. The rejection comes as GameStop CEO Ryan Cohen attempts to take the offer directly to shareholders despite significant skepticism from analysts and investors.The Rejection DetailseBay, which has roughly four times GameStop's market value, underscored on Tuesday that its turnaround efforts under CEO Jamie Iannone have boosted growth, with its stock returning 201 percent since Iannone took the position six years ago. "We have concluded that your proposal is neither credible nor attractive," eBay Chairman Paul Pressler said in a statement. "eBay's Board is confident the company, under its current management team, is well-positioned to continue to drive sustainable growth."He also pointed to concerns with GameStop's bid, including its financing, its effect on eBay's long-term growth and the leadership structure of a potentially combined company. GameStop did not immediately respond to a request for comment.Financial Analysis and Market ReactionLast week, GameStop CEO Ryan Cohen surprised Wall Street with his bid, which included a $20 billion debt financing commitment from TD Bank. Analysts and investors have doubted whether the half-cash, half-stock bid for eBay from the $12 billion video game retailer would close.eBay stock has been trading far below the offer price of $125 per share since the bid was made this month. It fell 1.3 percent on Tuesday to $106.68, while GameStop was down nearly 2 percent in early trading. In the last 12 months, eBay's stock has climbed 56 percent while GameStop's has dropped 18 percent.Industry ImplicationsThe proposed deal is drawing attention in a robust mergers and acquisitions market and among retail investors, for whom Cohen has been a hero since he helped rally a short squeeze in 2021 that hurt hedge funds such as Melvin Capital. The offer has upset some GameStop investors; Michael Burry, of The Big Short fame, sold his stake after the offer, warning it would saddle GameStop with debt and dilute share value.Both eBay and GameStop sell collectibles such as trading cards, but their main businesses are different. While eBay earns fees by connecting buyers and sellers online without holding inventory, GameStop buys goods wholesale and resells them through physical stores. Analysts noted that eBay already has an EBITDA margin of 31 percent, three times higher than GameStop's 10 percent.Future OutlookCohen, who has built a 5 percent position in eBay, has signaled he may be ready to take the offer directly to eBay shareholders, possibly by calling a special meeting. That can be difficult as calling a meeting requires a bigger stake. The GameStop CEO said he has a debt financing commitment letter from TD, contingent on the combined company receiving an investment-grade rating. Moody's said last week the deal would be credit negative for eBay. Sources familiar with the matter said eBay thinks it is highly unlikely that a combined company would be considered investment grade.Cohen has argued that by combining GameStop and eBay, he could cut costs and find synergies to create a much bigger enterprise. He said he could boost eBay's profitability by replicating GameStop's cost-cutting drive and use its 600 US stores as a physical network to help turn eBay into a tougher rival to Amazon. In a CNBC interview, Cohen offered little explanation of how GameStop would finance the deal, saying only that it would be paid for with cash and stock.
#eBay #GameStop #Ryan Cohen
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Politics May 12, 2026

Pentagon UFO Dump: Political Distraction or Transparency Move?

The U.S. Department of Defense has declassified 162 UFO-related files after a direct order from Pre…
Pentagon Releases 162 UFO Files Following Trump DirectiveThe U.S. Department of Defense made public 162 previously classified documents on unidentified flying objects after a direct request from President Donald Trump. The dossier pulls together material from the FBI, NASA, and the U.S. Department of State, offering the first large‑scale glimpse into the government’s historic UFO investigations.Key Revelations Inside the Declassified PacketsReports span from the 1940s Cold War era to recent 2020‑2025 sightings.Several files contain radar logs and pilot testimonies that were never previously disclosed.NASA’s involvement is limited to satellite imagery analyses, not direct UFO research.The State Department documents focus on diplomatic communications about foreign sightings.While the content is largely procedural, a handful of entries describe unexplained aerial phenomena that defy conventional explanations.Political Fallout and Public ReactionConspiracy theorists have seized on the release, flooding social platforms with speculation about extraterrestrial cover‑ups. Simultaneously, critics argue the timing—just weeks before the midterm election cycle—suggests a calculated distraction to shift attention from domestic policy battles.Implications for National Security and PolicyAnalysts note that the files, though not confirming alien technology, underscore gaps in inter‑agency data sharing on aerial anomalies. The declassification may pressure lawmakers to formalize a permanent oversight committee, ensuring future sightings are evaluated with consistent standards.Looking Ahead: Transparency vs. Narrative ControlExperts predict two parallel tracks: increased public demand for full transparency on UFO investigations, and a governmental push to frame the narrative within national‑security parameters. Upcoming congressional hearings are likely to reference the newly released documents, setting the stage for a prolonged debate over how much of the unknown should remain classified.
#Pentagon #UFO #Donald Trump
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Tech May 12, 2026

Everything Google announced at its Android Show, from Googlebooks to vibe-coded widgets

Google unveiled a range of new features at its Android Show event, including the Googlebooks laptop…
The Lead: Google's Android Show Unveils AI-Powered FutureGoogle's virtual "Android Show: I/O Edition" event revealed a comprehensive update to its Android ecosystem, featuring new hardware, AI enhancements, and user experience improvements. The announcements underscore Google's strategic focus on integrating its Gemini Intelligence across devices while expanding its hardware partnerships.Googlebooks: Redefining Laptops with AI at the CoreGoogle introduced Googlebooks, a new line of laptops designed from the ground up for Gemini Intelligence. The company is collaborating with major manufacturers including Acer, Asus, Dell, HP, and Lenovo to create these devices launching this fall. Googlebooks will feature "Magic Pointer" - a cursor with built-in Gemini capabilities, seamless integration with Android phones, and custom widget functionality.Vibe-Coded Widgets: Personalization Through Natural LanguageGoogle unveiled "Create My Widget," a feature allowing users to generate custom widgets using natural language descriptions. This innovation will first roll out on Samsung Galaxy and Google Pixel phones this summer. Users can simply describe what they want - such as "suggest three high-protein meal prep recipes every week" - to create personalized dashboard widgets that can be added and resized on their home screens.Android Auto: Enhanced Experience with Video SupportAndroid Auto is receiving a significant refresh with more personalization options, widgets, and an edge-to-edge interface adaptable to various screen shapes. Media apps like YouTube Music and Spotify are being redesigned for easier in-car use. Notably, Android Auto will support 60fps full HD video playback on YouTube in supported cars later this year, with BMW, Ford, Genesis, Hyundai, Kia, Mahindra, Mercedes-Benz, Renault, Škoda, Tata, and Volvo among the first manufacturers to implement this feature.Gemini Intelligence Expands Across Android EcosystemGoogle is broadening Gemini's presence across its platforms, with the assistant now capable of performing multistep functions across apps. Users can take a photo of an event flyer and ask Gemini to find that event on booking sites, or invoke the assistant with a grocery list to build a cart in their preferred shopping app. Gemini is also coming to Chrome on Android, allowing users to summarize content and ask questions about webpages, with an experimental auto-browse feature capable of completing tasks like booking tickets.Enhanced Security and Privacy FeaturesGoogle is expanding its default-on theft protections to all Android users globally. These features, including Remote Lock and Theft Detection Lock, will be enabled by default on new Android 17 devices, freshly reset devices, or those upgraded to the latest OS. The company is also reducing the number of PIN/password guess attempts a thief can make and increasing wait times between failed attempts. Additionally, Pixel users with Advanced Protection Mode now have access to Intrusion Logging to investigate suspected spyware attacks.The Future of Android: Seamless Integration and AI AssistanceGoogle's announcements signal a future where AI seamlessly integrates into daily tasks across devices. The company is working to break down barriers between platforms, with Quick Share expanding to work with iPhones from various manufacturers and a new iOS-to-Android transfer feature allowing users to import passwords, photos, messages, and more. The introduction of features like Rambler in Gboard, which converts speech to cleaned-up text by removing filler words, demonstrates Google's commitment to natural interaction with technology.
#Google #Android #Gemini Intelligence
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Tech May 12, 2026

Google Launches AI‑Powered ‘Create My Widget’ for Android Home Screens

Google unveiled “Create My Widget,” an AI‑driven tool that lets Android users generate custom home‑…
Google announced on Tuesday a new Android feature called “Create My Widget” that lets users describe a desired widget in plain language and have Gemini generate a functional, personalized widget instantly. Google Introduces AI‑Powered ‘Create My Widget’ for Android The tool works by interpreting natural‑language requests—e.g., “suggest three high‑protein meal prep recipes every week”—and building a dashboard widget that can be resized and placed on the home screen. It can also pull data from the web and sync with Google apps such as Gmail and Calendar to create context‑aware widgets, like a travel‑planning board for a family reunion in Berlin. Projected Adoption and Device Rollout Initial launch on Samsung Galaxy and Google Pixel phones slated for summer 2026. Feature leverages the Gemini Intelligence platform, which also powers upcoming AI autofill and voice‑dictation upgrades for Gboard. Targeted at both casual users seeking quick info snippets and power users who want highly tailored data streams. How AI‑Generated Widgets Could Redefine Android Home Screens By allowing on‑the‑fly creation of widgets, Google removes the need for developers to pre‑build and publish widget templates. This democratizes customization, potentially increasing user engagement and time spent on the home screen. It also deepens the role of AI assistants, turning them from query responders into proactive UI designers. Future Outlook: Generative AI as a Core Mobile OS Layer Ben Greenwood, Director of Android Core Experiences, described the feature as “asking your personal assistant a question and having them just bring you the answer on repeat.” As competitors race to embed generative AI, Google’s move suggests future Android updates will embed AI deeper into system UI, possibly expanding to dynamic icon design, adaptive layouts, and real‑time context‑aware shortcuts.
#Google #Android #Gemini
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Business May 12, 2026

Microsoft Israel Head Steps Down Amid Inquiry into Military Dealings

The head of Microsoft's Israeli subsidiary, Alon Haimovich, is stepping down following an inquiry i…
The Leadership Shift at Microsoft Israel The head of Microsoft's Israeli subsidiary will step down in the wake of an inquiry that has scrutinised its business dealings with the Israeli military. The Inquiry into Microsoft's Dealings with Unit 8200 Microsoft ordered the inquiry last year in response to a Guardian investigation revealing the military had used the company's technology to operate a powerful surveillance system that collected Palestinian civilian phone calls on a mass scale. The inquiry found that Unit 8200, Israel's elite spy agency, used Microsoft's Azure cloud platform to store a vast trove of intercepted calls from Gaza and the West Bank. Microsoft concluded that its initial findings showed Unit 8200 had violated its terms of service, which prohibit the use of its technology to facilitate mass surveillance. The Impact on Microsoft Israel The Israeli business newspaper, Globes, reported on Monday that Haimovich's departure followed a major controversy at the subsidiary relating to violations of Microsoft's code of ethics. Several other managers had also left their positions. Haimovich was summoned by the inquiry team after they visited Microsoft Israel's offices near Tel Aviv. The Future of Microsoft's Israel Operations Haimovich did not respond to a request for comment. In an email to staff announcing his departure last week, he said he had positioned Israel as "one of Microsoft's fastest-growing markets worldwide". Microsoft has previously said its senior executives such as Nadella were unaware Unit 8200 was using Azure to store intercepted Palestinian communications.
#Microsoft #Israel #Unit 8200
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World Wide May 12, 2026

UN Reports Israel Killing At Least One Child Weekly In Occupied West Bank

The United Nations has reported that at least one child is killed each week in the occupied West Ba…
UN Confirms Weekly Child Fatalities in Occupied West BankThe United Nations announced that Israel is responsible for the death of at least one child per week in the occupied West Bank. The statement underscores a grave humanitarian issue within the territory.Details of the UN's Child Fatality ClaimThe UN’s observation focuses specifically on the occupied West Bank, highlighting a pattern of child deaths linked to the ongoing conflict. No additional context or attribution beyond the weekly figure was provided.Quantifying the Reported LossesMinimum reported fatality rate: 1 child per weekGeographic focus: Occupied West BankSource of data: United Nations statementImplications for Regional Stability and International LawThe reported fatalities raise serious concerns regarding the protection of civilians under international humanitarian law. The finding may prompt increased diplomatic attention and calls for accountability from the international community.Potential Paths Forward Amid Growing ScrutinyIn response to the UN’s report, stakeholders may pursue further investigations, heightened diplomatic engagement, or renewed calls for protective measures for children in the region. The situation is likely to remain a focal point of international human‑rights monitoring.
#Israel #Palestine #United Nations
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Entertainment May 12, 2026

Sam Battle’s ‘Look Mum No Computer’ Turns Obsolete Tech into UK Eurovision Entry

British creator Sam Battle, known as Look Mum No Computer, will represent the UK at Eurovision 2026…
The Unexpected Path to EurovisionSam Battle never set out to be a Eurovision contestant. A casual email to the BBC turned into an invitation to write a song for the contest, and he soon discovered he would be performing it himself as the UK entry.From Furby Synths to the Megadrone: Battle’s Museum of Resurrected TechBattle’s public space, This Museum (Not) Obsolete in Ramsgate, is a labyrinth of repurposed gadgets – Game Boys, Sega Megadrives, even a vacuum‑cleaner‑turned‑flamethrower. Its centerpiece, the Megadrone, is a modular synth built from roughly 1,000 oscillators that fills an entire side of the museum.Original project began after his indie band Zibra split in 2016.Over 700,000 YouTube subscribers follow his weekly builds.The Megadrone was later mini‑scaled into the portable Kosmo synth for the BBC writing session.Numbers Behind the Noise: YouTube Reach and Eurovision Odds700,000+ YouTube subscribers – a sizable fanbase for a niche creator.Song “Eins, Zwei, Drei” selected as the official UK entry after a 12‑hour studio marathon.Eurovision betting markets currently list the UK entry at 12th place out of 37, reflecting both curiosity and skepticism.Why a DIY Synth Maestro Matters for Britain’s Pop CultureBattle’s win‑or‑lose outcome will signal whether Britain’s music scene can embrace avant‑garde, maker‑culture acts on a mainstream platform. His blend of humor, DIY engineering, and nostalgic synth sounds challenges the formulaic pop that usually dominates Eurovision, potentially inspiring a new wave of “tech‑musician” artists.What’s Next for Look Mum No Computer After Vienna?Tour the Megadrone across Europe as a live‑performance installation.Expand the museum with interactive workshops for schools, leveraging the Eurovision spotlight.Potential collaborations with major labels seeking fresh, hardware‑centric sounds.
#Sam Battle #Look Mum No Computer #Eurovision
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Entertainment May 12, 2026

Gary Oldman Revives Krapp’s Last Tape with a Teenage Godot at the Royal Court

Veteran actor Gary Oldman stages his self‑directed production of Samuel Beckett’s Krapp’s Last Tape…
Oldman’s Return to Krapp’s Last Tape at the Royal CourtOne year after starring in Krapp’s Last Tape in York, Gary Oldman brings the production back to London’s Royal Court, the venue where the play premiered in 1958. Oldman not only reprises the title role but also directs and designs the revival, adding a fresh layer by introducing a teenage voice that echoes Beckett’s own experimental spirit.Numbers Behind the Production: Ticketing and AwardsYoung playwright Leo Simpe‑Asante, aged 19, won the Royal Court’s inaugural Young Playwrights award for his piece Godot’s To‑Do List.The run runs for four weeks with performances scheduled Tuesday to Saturday, aiming to fill the Court’s 380‑seat auditorium.Pre‑sale tickets sold out within 48 hours, indicating strong audience appetite for Beckett revivals blended with new writing.Why Pairing a Teenage Godot Matters for Modern BeckettThe addition of Simpe‑Asante’s Godot’s To‑Do List reframes Beckett’s existential questions through the lens of contemporary youth anxiety. By juxtaposing Krapp’s reflective monologue with a young Godot performing absurd tasks—“do the splits”, “piss yourself”, “work through your relationship with your father”—the production highlights the timelessness of Beckett’s themes while making them resonant for a generation grappling with social media pressure and mental‑health concerns.Future of Classic Revivals with Emerging VoicesOldman’s experiment suggests a growing trend: established theatres using classic works as platforms for emerging talent. If the Royal Court’s audience response remains robust, we can expect more hybrid productions that blend canonical texts with new, often experimental, playwrights, reinforcing the venue’s reputation as a crucible for innovative theatre.
#Gary Oldman #Krapp’s Last Tape #Royal Court Theatre
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Sports May 12, 2026

Jake Paul's Boxing Career in Jeopardy After Broken Jaw from Anthony Joshua Fight

Jake Paul's boxing career may be over due to a broken jaw he suffered during his fight against Anth…
The Incident and Its Aftermath Jake Paul has admitted that the broken jaw he suffered during his loss to Anthony Joshua in December may have ended his boxing career. The YouTuber turned boxer was stopped during December's fight after a brutal shot from former world champion Joshua. Paul said the injury is still being monitored five months later. The Extent of the Injury “We'll see what my doctors say,” Paul told Uncrowned on Monday. “I'll be able to get a more accurate timeframe, or can I even fight again? That is definitely in the realm and possibilities of things [that I can't]. [The jaw] does feel a lot better as weeks and time goes by, but I definitely need to get cleared first to be able to spar. Possible Career Implications “Most definitely [my boxing career could be over],” he added. “It just depends on how the bone heals. Then, also, there's a tooth missing. I'm pretty sure I'm going to have to get an implanted tooth of some sort. I'm not sure how much time that's going to add to things, but we just have to see and figure out what the smartest thing is for me.” Paul's Boxing Career and Business Ventures Paul's defeat to Joshua was the second of his 14-fight professional career, during which he proved a competent but limited boxer. The Joshua bout was his first against a world-class boxer, with his other fights coming against fighters past their prime – such as a 58-year-old Mike Tyson – or crossover stars from other sports: his second contest was against former NBA player Nate Robinson. Paul's Reflection on the Fight While the 29-year-old never established himself as a force in the ring, he is a savvy businessman and made tens of millions of dollars from his fights. He said he had no regrets about fighting Joshua, despite his injuries. “I think it was such a win on so many different levels, and I had a really good experience,” Paul said. “Just overall, such a net positive for me, my companies, my fighting experience, my content, and yeah, I just really will fight anybody, to be honest. I've been saying that, and I think people now believe me, but I'm here for entertainment purposes.”
#Jake Paul #Anthony Joshua #Boxing
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