All articles tagged with #financing
LIV Golf is launching a roadshow to raise $250–$350 million from investors to recapitalize and pursue profitability after the PIF ends funding after 2026, with Ducera Partners guiding the effort and a new independent board in place; plans include expanded team-based events and potential bankruptcy steps as part of the restructuring.
Scott Coker plans to launch a new global MMA league with $60 million in backing, including Tony Hawk, aiming for a 2027 debut and a fighter-first, athlete-centered model. Led by Creator Sports Capital with partners like Griffin Gaming Partners and Upper Deck, the venture seeks to provide a clear path for athletes amid a growing $20+ billion global market, with leadership and league details to be announced soon.
Trump claimed the White House ballroom is a shield for a six-story underground complex featuring a military hospital, research facilities, and a so-called drone empire. He said donors would pay for the main ballroom while public funds could cover surrounding security upgrades, as the price tag swelled from about $100 million to $400 million, drawing criticism about financing and taxpayers’ costs amid Republican debates over funding.
eBay formally rejected GameStop's $56 billion proposal to acquire the marketplace, calling it not credible or attractive due to financing uncertainties, potential leverage and governance issues, and questions about how the deal would affect eBay's long-term growth and profitability. GameStop had claimed $20 billion in debt financing and could offer large stock options to Ryan Cohen if values rose, leaving room for a possible hostile attempt while GameStop continues to shutter stores to boost profitability.
eBay rejected GameStop’s $55.5 billion takeover offer as “neither credible nor attractive,” citing financing uncertainty and the leverage/operational risks of a merger. GameStop, which owns about 5% of eBay, offered $125 per share in cash and stock and argued its 1,600-location network could bolster eBay’s authentication and fulfillment, but the bid’s financing concerns and the gap in scale between the two companies led to the rejection; the offer followed GameStop’s meme-stock surge and GameStop did not immediately responds to comment.
eBay's board rejected GameStop's unsolicited bid of about $55.5 billion to acquire the company, calling the proposal not credible or attractive and flagging financing uncertainties, governance concerns, and potential impact on long-term growth; GameStop’s CEO has floated taking the bid to shareholders, signaling a possible hostile move.
EBay’s board rejected GameStop’s unsolicited $56 billion cash-and-stock proposal, saying the offer is not credible or attractive due to financing uncertainties, high leverage, and a lack of meaningful synergies, with analysts skeptical about the deal’s strategic value.
Deadline reports Village Roadshow relinquished its Matrix Resurrections stake, leading to a $57 million payout to Warner Bros. Discovery; WB now owns 100% of Matrix Resurrections, VR has no stake, and the arrangement reflects an updated damages-based settlement in the long-running co-financing dispute.
At a Seattle City Hall forum, city and county leaders pressed Sound Transit to keep all ST3 light-rail expansions moving, arguing against indefinite deferrals of Ballard, Graham Street, and other stations and demanding 100% design plans with firm construction dates. Advocates floated funding tweaks (longer bond terms up to 75 years, state/federal grants, and a rental-car tax) alongside cost-saving design choices like trapezoidal station layouts to close a $34.5 billion funding gap while preserving regional connections to Snohomish, Everett, and Tacoma. The discussion also covered automated light-rail concepts, CID station planning, and the need for regional collaboration, as Snohomish County Executive Somers pushes a spine-first plan that delays some infill projects. A Sound Transit board vote on revised finances was anticipated later in May.
Odyssey Therapeutics priced a 15.5 million-share IPO at $18 to raise about $304 million (including a 1.4 million-share private placement with a TPG Life Sciences affiliate; the deal could grow by roughly $41.8 million if underwriters exercise the greenshoe). The proceeds will fund OD-001, a RIPK2 inhibitor for ulcerative colitis in phase 2, and move the preclinical SLC15A4 program into phase 1/2a, among other assets, as CEO Gary Glick pursues a 'little large pharma' model. Odyssey has raised about $726.5 million to date and will list on Nasdaq as ODTX.
Rays executives say they aim to sign an MOU with Tampa and Hillsborough County soon to finance a $2.3 billion ballpark, with the team contributing about $1.235 billion; they want to approach a June 1 target to keep the 2029 opening on track, recognizing that 60–90 days would be needed for formal contracts after the MOU and that state funding for surrounding development depends on the budget set in May.
GameStop disclosed a $56 billion offer to acquire eBay with a $20 billion financing commitment from TD Securities, but a key condition requires the combined company to maintain an investment-grade credit profile. Moody’s warned the deal could be credit negative due to high leverage (near 9x debt/EBITDA), risking the financing terms and casting doubt on the deal’s feasibility as GameStop’s market cap trails the deal size. eBay’s board will review the bid, and GameStop has hinted at issuing more stock if needed.
GameStop’s shares fell more than 10% after CEO Ryan Cohen dodged questions about how the company would fund its surprise $55.5 billion bid for eBay, outlining a half-cash, half-stock offer with about $9.4 billion cash on hand and up to $20 billion in debt financing, while eBay said its board will review the proposal and has not engaged in talks.
GameStop's Ryan Cohen sidestepped questions about how the company would finance its reported eBay deal, telling reporters that the details are available on the company’s website.
GameStop made an unsolicited offer to acquire eBay for about $56 billion, arguing that combining its physical-store network with eBay could cut costs and unlock live-commerce opportunities. However, financing remains uncertain: analysts question how the cash-and-stock deal could be funded given the large valuation gap, and GameStop says it has a financing plan, including a debt package and third-party funding, while eBay’s board will review the proposal.