How GameStop went from struggling retailer to eBay bidder

This story was first published by Digiday sibling Modern Retail.

Earlier this month, GameStop offered to buy eBay for about $55.5 billion.

GameStop CEO Ryan Cohen, who previously led pet marketplace Chewy, told The Wall Street Journal that GameStop had built a roughly 5% stake in eBay and had a commitment of up to $20 billion in financing from TD Bank. If eBay isn’t receptive, Cohen said he was prepared for a proxy fight, according to the outlet.

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Amazon positions live sports portfolio as leverage to pry open upfront dollars

Streaming companies have spent years chiseling their way into the upfront market. Few have done so as aggressively as Amazon, which is using the annual negotiation season as a beachhead for both its ad tech and streaming ad businesses as it kicks off this week.

“We’re not incremental to linear anymore. We’re competing at the broadcast level,” said Tanner Elton, Amazon’s vp of U.S. ad sales.

Speaking with Digiday, Elton argued that Amazon is now a fully-fledged member of the upfronts set, capable of going toe-to-toe with the likes of CBS, NBC, Fox or Disney with an entire portfolio of live sports rights.

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