eBay has rejected GameStop’s audacious $56 billion takeover offer, citing concerns over financing. GameStop CEO Ryan Cohen had signaled he might approach eBay shareholders directly, but investors remain skeptical about the deal’s feasibility. The proposal would combine GameStop’s physical stores with eBay’s network, betting on an offline push that now looks stalled.
Insurtech unicorn Acko says it turned profitable in FY26 with net profit of ₹43.6 crore, swinging from a ₹193.4 crore loss in FY25. Net earned premium rose 26% to ₹191.8 crore as operating expenses fell 12.3%. Investment income declined, but gains from investment sales improved. The turnaround comes as Acko gears up for an IPO, after laying off about 5% of its staff.
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Alphabet, Amazon, Microsoft and Meta are signaling that AI spending won’t slow, with their combined budgets now projected to top $700 billion this year. To sustain the push for AI and cloud expansion, more tech companies are tapping debt markets—potentially changing how they finance next-stage infrastructure growth amid rising demand.
Snabbit, India’s on-demand home help app, has closed a $56 million Series D, doubling its funding to $112 million in two years. The round is led by Susquehanna Venture Capital and Mirae Asset Ventures, with follow-on backing from Bertelsmann and others. Snabbit credits its hyperlocal model to a startling 247-metre median distance between jobs, boosting daily demand and cutting burn per job.
SoftBank is reportedly looking to raise a $10 billion margin loan, using its stake in OpenAI as collateral. The plan underscores renewed urgency in the Japanese tech firm’s AI bets after recent financial turbulence. If approved, the financing could extend, building on a prior $40 billion bridge loan earlier this year aimed at funding more AI investment.
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