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Business May 12, 2026

GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

eBay’s board has turned down GameStop’s unsolicited $55.5 bn takeover proposal, calling it neither …
GameStop announced a surprise $55.5 bn bid for online marketplace eBay, but the eBay board rejected the proposal, describing it as “neither credible nor attractive.” The decision follows a sharp drop in GameStop’s share price and unanswered questions about how the retailer would fund the deal.eBay Board Rejects GameStop’s $55.5bn Takeover OfferThe eBay board, led by chair Paul Pressler, issued a letter to Ryan Cohen stating that the proposal was reviewed and ultimately declined. Pressler cited uncertainty around GameStop’s financing, borrowing capacity, and operational risks of a combined entity.Valuation Gap Highlights Funding ShortfallOffer price: $125 per share, total $55.5 bneBay valuation: $46 bnGameStop market capitalisation: roughly $12 bnCash on hand pledged: $9.4 bnPotential debt financing: $20 bn from TD SecuritiesFunding shortfall: about $16 bn relative to the offer amountStrategic Stakes and Market Repercussions for Gaming and E‑commerce SectorsGameStop has already built a 5% stake in eBay and argues its 1,600 remaining stores could provide a “national network for authentication, intake, fulfilment, and live commerce.” However, eBay is pursuing its own growth strategy, notably the acquisition of the fashion resale app Depop for $1.2 bn to attract younger consumers. The rejection underscores the widening gap between a meme‑stock‑driven retailer and a mature online marketplace.What Lies Ahead for GameStop and eBayCohen has signalled willingness to launch a hostile bid and take the offer directly to eBay shareholders if the board remains uncooperative. Meanwhile, eBay’s focus on expanding its fashion‑forward portfolio suggests it will continue to prioritize organic growth and strategic acquisitions over a merger with a financially constrained GameStop. The next weeks will likely see heightened shareholder activism and further clarification of GameStop’s financing plan.
#GameStop #eBay #Ryan Cohen
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Lifestyle May 12, 2026

Share Your Top Three Novels of All Time

The Guardian is asking readers to share their top three novels of all time. The poll aims to gather…
The Guardian's Top 100 Novels Poll The Guardian has launched a poll to find the top 100 greatest novels published in English, as voted for by authors and critics around the world. How the List Was Compiled 172 authors, critics, and academics were polled for their top 10 novels of all time, published in English. The titles were scored according to how often they were voted for, and then a weighting was added based on individual rankings to produce the overall list. Share Your Views Readers are invited to share their top three novels and explain why they chose them. The form to submit responses includes fields for: Name Location Brief background information Author and novel nominations (up to three) Reasons for nominations (up to 100 words per nomination) Optional: photo, phone number, and email address Why Your Opinion Matters The Guardian sees this as the beginning of a conversation and wants to hear from readers about their favorite novels. The responses will help create a comprehensive list of the greatest novels of all time.
#The Guardian #Novels #Reading
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Politics May 12, 2026

Pakistan Struggles to Save US-Iran Ceasefire as Diplomatic Tensions Mount

Pakistan faces diplomatic challenges as it mediates between the US and Iran, with the fragile cease…
The Fragile Ceasefire at Risk Islamabad has rejected allegations that it sheltered Iranian military aircraft from potential US strikes as the fragile ceasefire it helped broker between Washington and Tehran appears increasingly at risk. The diplomatic tensions come as US President Donald Trump dismissed Iran's latest peace proposal as "a piece of garbage" that he had not even finished reading, describing the month-old truce as being "on massive life support." Pakistan's Diplomatic Dilemma The Ministry of Foreign Affairs in Pakistan called the CBS News report about Iranian aircraft being moved to Pakistan Air Force Base Nur Khan "misleading and sensationalised," stating the aircraft had arrived as part of diplomatic logistics for talks in Islamabad between US and Iranian officials on April 11. Pakistan emphasized that both Iranian and US aircraft used the base during the ceasefire period, and any significant foreign military presence at the base would be impossible to hide. "The Iranian aircraft currently parked in Pakistan arrived during the ceasefire period and bear no linkage whatsoever to any military contingency or preservation arrangement," the ministry said, adding that Pakistan had "consistently acted as an impartial, constructive and responsible facilitator" throughout the process. Washington's Growing Skepticism Despite Pakistan's denials, concerns in Washington have grown. A CNN report suggested some Trump administration officials believe Pakistan has been sharing "a more positive version of the Iranian position with the US than what reflects reality" while questioning whether Islamabad was "aggressively conveying Trump's displeasure." US Senator Lindsey Graham, a Trump ally, called for "a complete reevaluation" of Pakistan's mediator role. However, analysts suggest the controversy is unlikely to significantly damage Islamabad's position. "Pakistan has done more than many had expected. Delivering a ceasefire in an environment marred by sheer distrust was no mean feat," said Syed Ali Zia Jaffery, deputy director at the Centre for Security, Strategy and Policy Research at the University of Lahore. Deadlock in Peace Negotiations The immediate trigger for the latest tensions was Washington's rejection of an Iranian peace proposal delivered through Pakistan on Sunday. Iranian state media said Tehran's terms included US war reparations, full Iranian sovereignty over the Strait of Hormuz, an end to sanctions, and the release of frozen assets, while insisting nuclear negotiations be deferred. "I would say the ceasefire is on massive life support," Trump said in the Oval Office, describing the situation as one "where the doctor walks in and says, 'Sir, your loved one has approximately a 1 percent chance of living.'" Iranian officials rejected this characterization, calling their proposal "reasonable and generous" and insisting they had demanded "only Iran's legitimate rights." Regional and International Ramifications The core disagreements between Washington and Tehran remain unchanged. The US wants Iran to explicitly abandon its nuclear program and surrender its stockpile of uranium enriched to 60 percent, while Tehran insists nuclear negotiations can only follow the lifting of sanctions and the end of the US naval blockade imposed on its ports. Since the Islamabad talks ended without an agreement on April 12, Pakistan has continued to act as an intermediary, carrying proposals between the two sides. Qatar has also backed the mediation effort, with US Secretary of State Marco Rubio meeting Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Miami, Florida. Path Forward Amid Uncertainty Trump is expected to discuss the Iran crisis with Chinese President Xi Jinping during a visit to Beijing this week, as Washington hopes Beijing could use its influence with Tehran. China is Iran's biggest economic and strategic partner, and Iranian Foreign Minister Abbas Araghchi met Chinese Foreign Minister Wang Yi in Beijing last week. The Iranian foreign minister is also expected to attend a meeting of BRICS foreign ministers in India, alongside top diplomats from Saudi Arabia and Egypt. "For the ceasefire, this is actually stabilising. More parties with skin in the game raise the cost of collapse for everyone," said analyst Mohanad Seloom. Meanwhile, Israeli Prime Minister Benjamin Netanyahu indicated that if Iran's nuclear material could not be removed through negotiations, Israel and the US agreed "we can re-engage them militarily." Former Qatari Prime Minister Sheikh Hamad bin Jassim Al Thani warned that the weaponisation of the Strait of Hormuz was "the most dangerous outcome" of the conflict, suggesting the crisis would outlast any ceasefire.
#Pakistan #US-Iran Relations #Ceasefire
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Sports May 12, 2026

Four Decades of US Men’s Soccer: Insights from Leander Schaerlaeckens’s New Book

Leander Schaerlaeckens’s new book, *The Long Game*, chronicles the United States men’s national tea…
The Lead: A New Book Charts Four Decades of US Men’s SoccerLeander Schaerlaeckens spent three years researching and writing *The Long Game: U.S. Men’s Soccer and its Four‑Decade Journey to the Top, or Thereabouts*, which hits shelves on Tuesday. The book offers a deep‑dive into the USMNT’s rise, blending archival research with fresh interviews to explain how a once‑peripheral side became a regular World Cup knockout contender.The Evolution of USMNT: From Early World Cup Appearances to Modern ContendersThe USMNT’s story begins with a surprising third‑place finish in 1930, followed by a series of setbacks: a crushing 7‑1 loss to Italy in 1934, a historic 1‑0 upset of England in 1950, and a prolonged period of near‑invisibility. The 1950s‑60s saw the team lose four qualifiers to Mexico by a combined 20‑3 margin, endure an 11‑year winless streak, and even field a squad that had to recruit a fan from the stands for a 1974 qualifier. The 1983 experiment of “Team America” in the NASL ended in last‑place finish and dissolution after one season. By 1990 the US returned to the World Cup, and by 2002 it reached the quarter‑finals, cementing a three‑decade run of consistent tournament appearances.Numbers That Mark the Turnaround1930: US finished 3rd in the inaugural World Cup.1934: Suffered a 7‑1 defeat to Italy.1950: Shocked England with a 1‑0 win.1954‑58 qualifiers: lost to Mexico 20‑3 on aggregate.1970s players received a meagre $5‑a‑day per diem.Book research included 150+ interviews with players, coaches, and administrators.How the USMNT’s Rise Reshapes American SoccerThe book highlights a pattern of hiring high‑profile foreign coaches—Alkis Panagoulias, Bora Milutinović, Jürgen Klinsmann, Mauricio Pochettino—whenever domestic options falter, only to swing back to American managers like Bob Gansler, Bob Bradley, and Gregg Berhalter. This oscillation reflects broader tensions in US soccer development, from fragmented youth pipelines to the growing influence of MLS academies. Player stories—Tyler Adams overcoming geographic barriers, Matt Turner emerging from the college system, Ricardo Pepi navigating dual national identity, Antonee Robinson benefiting from globalization, Christian Pulisic rejecting fame, and Weston McKennie narrowly avoiding obscurity—illustrate how individual pathways now feed a more competitive national pool.Looking Ahead: What the Next Decade May Hold for US Men’s SoccerWith a more robust academy infrastructure, increasing MLS investment, and a generation of players accustomed to elite European competition, the USMNT is poised to challenge for deeper World Cup runs. However, sustaining success will require consistent coaching philosophy, better integration of dual‑national talent, and continued growth of the domestic fanbase. If these factors align, the next ten years could see the United States not just reaching knockout stages but regularly contending for a semifinal spot.
#USMNT #Leander Schaerlaeckens #The Long Game
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Entertainment May 12, 2026

Bold Tendencies: How a Peckham Car Park Revolutionized British Art

Bold Tendencies, the groundbreaking art installation in a Peckham car park, is celebrating its 20th…
The Art Revolution That Started in a Car Park It's hard to imagine now, but there was a time when rooftop bars weren't really a thing. A time before pop-ups and contemporary outdoor sculpture parks. A time even, if you can bear to think of it, before immersive art. Way back in 2007, there was none of that – the UK was an experiential art wasteland. And then Bold Tendencies showed up, chucked a whole load of sculptures in a multi-storey Peckham car park, painted a staircase bright pink, built a cocktail bar on the roof, and changed everything. Two Decades of Transformative Art Now going into its 20th summer season, Bold Tendencies is celebrating two decades of sometimes sun-drenched, often windswept and drizzly arts programming. In that time, it has welcomed more than 3 million visitors into its concrete edifice behind Peckhamplex cinema, commissioned dozens of new artworks, hosted countless recitals and performances, built an auditorium and a concert hall, and drawn the roadmap for countless art experiences that have come in its wake. The Artistic Legacy And the art's not been too bad, either. Anthea Hamilton built a doorway to heaven through a man's splayed legs in 2010. Jess Flood-Paddock parked Del Boy's three-wheeled van on the roof in 2011. James Bridle flew a black balloon filled with wifi routers from the roof in 2014. Adam Farah-Saad installed a decorative retro water fountain in 2024. There have been piles of raw pigment, fluttering flags, wobbly walkways, heads on spikes. Almost all newly commissioned, and all free to see. Transforming the Cultural Landscape You can't overstate just how different, not only Peckham was in 2007, but the whole cultural landscape of the country. This was years before the likes of The Vinyl Factory or Frameless, and long before the Hayward and Tate were racing to the bottom to find the most TikTok-ready, Instagram-friendly exhibitions possible. The only large-scale sculptural commissions around back then were the fourth plinth and the Tate's annual Turbine Hall and Duveen projects. There wasn't really anywhere else to see new sculptural work by young artists. The Peckham Effect There also wasn't a lot going on in Peckham at the time. But what the area did have was a handful of project spaces, a single dive bar called Bar Story, seriously cheap rents and – thanks to being squeezed between Camberwell College of Arts and Goldsmiths – a lot of artists. Combined with a relative sense of isolation in the days before the London Overground, it boasted a fairly unique set of circumstances. "I found it to be a place of great possibility," says Barry. "And it still feels like that." The Visionary Behind the Movement Barry had been putting on exhibitions in a semi-derelict house on nearby Lyndhurst Way, and struck up a relationship with the people responsible for property in Southwark council. The council realised that artists could act as caretakers of empty, derelict buildings awaiting redevelopment, and Barry figured that those buildings could be used for art exhibitions. It's a model still followed today by other cultural charities, one that some consider the forward battalion in a wave of gentrification that has engulfed the city ever since. The Future of Public Art "Part of our responsibility in doing a project like this is to offer up the joy of feeling welcome to as many people as possible," says Hannah Barry, the driving force behind Bold Tendencies and owner of Peckham's longstanding Hannah Barry Gallery. "People come here for all sorts of different reasons and they may stay for a short time or stay for a long time. What matters is that they're curious enough to come." As Bold Tendencies enters its third decade, it continues to push boundaries and redefine what public art can be, proving that sometimes the most revolutionary ideas come from the most unexpected places.
#Bold Tendencies #Peckham #British Art
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Sports May 12, 2026

USA’s Johnny Cardoso Expected to Miss World Cup Due to Ankle Injury

Atletico Madrid confirmed that midfielder Johnny Cardoso will undergo surgery on a severe right‑ank…
Atletico Madrid announced that Johnny Cardoso will have surgery on his right ankle after sustaining a severe sprain in training, ending his chances of joining the United States squad for the 2026 World Cup.Cardoso’s Surgery Seals His World Cup AbsenceThe La Liga club confirmed the procedure on Monday, noting the injury occurred during a training session last Thursday. The 24‑year‑old midfielder has already missed significant time this season, including only 45 minutes of action in a friendly against Belgium during the March international window.Numbers Highlight Cardoso’s Limited PlaytimeAge: 24Season appearances: limited by recurring injuriesInternational minutes this year: 45 (vs. Belgium)USMNT Faces Injury Crisis Ahead of 2026 World CupCoach Mauricio Pochettino must finalize a 26‑man roster while dealing with multiple absences. Captain Christian Pulisic missed recent AC Milan matches due to a muscular issue, and wingers Tim Weah (Olympique de Marseille) and midfielder Tanner Tessmann (Olympique Lyonnais) are also sidelined.The United States, co‑hosting the tournament with Mexico and Canada, will play warm‑up matches against Senegal (May 31) and Germany (June 6) before opening Group D against Paraguay on June 12.Potential Squad Adjustments and Tournament OutlookWith Cardoso unavailable, Pochettino may look to younger midfield options or reshuffle the existing roster. The injury wave could force the USMNT to rely more heavily on depth players, influencing tactical choices for both the warm‑up games and the World Cup campaign.
#Johnny Cardoso #Atletico Madrid #USA Men's National Team
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Sports May 12, 2026

Bryson DeChambeau Considers Ditching Golf for YouTube: A Shift in Sports and Celebrity

Bryson DeChambeau, a professional golfer, has hinted at giving up golf to focus on his YouTube chan…
The Potential Shift in Bryson DeChambeau's Career Bryson DeChambeau, a prominent golfer, has expressed interest in leaving professional golf to focus on his YouTube channel. This move has raised questions about the future of sports and the relationship between athleticism and celebrity. DeChambeau's YouTube Ambitions DeChambeau aims to grow his YouTube channel three times or more, exploring dubbing in various languages and collaborating with other creators. He has already gained significant popularity on YouTube, TikTok, and Instagram, with millions of followers. The Financial Aspect DeChambeau reportedly made $45m in on-course earnings over the past year. He had been seeking a $500m contract with LIV Golf before its financial backers withdrew. The Impact on Professional Golf If DeChambeau were to leave golf for YouTube, it could signal a shift in priorities for professional athletes, with more emphasis on personal branding and content creation. This could lead to a reevaluation of what it means to be a professional athlete and the role of sports in modern entertainment. The Future of Sports and Celebrity DeChambeau's potential move highlights the evolving relationship between sports, celebrity, and content creation. As athletes like DeChambeau build their personal brands, it may change the way we consume and engage with sports, potentially prioritizing entertainment value over traditional athletic competition.
#Bryson DeChambeau #YouTube #LIV Golf
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Entertainment May 12, 2026

Nobu Documentary: The Obsession Behind the Luxury Sushi Empire

A documentary explores the life of Nobuyuki Matsuhisa, the founder of the global luxury sushi chain…
The Rise of a Culinary PioneerIn Japan, the sushi bar where the chef chops fish for the clientele is a kind of stage. In which case all the world's a sushi bar for Nobuyuki Matsuhisa, whose deluxe Nobu chain has taken root in dozens of cities across the globe. Matt Tyrnauer's documentary charts the rise of this affable but restless pioneer, motivated since the start of his career to break out of insular Japan and shake up its cuisine.Innovative Culinary PhilosophySignature dishes like his iconic black cod with miso – made with Alaskan sablefish – or Peruvian-influenced yellowtail sashimi with jalapeno veer well off the sushi-restaurant template. But don't call it fusion, Tyrnauer's film says early on; it's still Japanese food, just open to foreign ingredients and techniques.From Japan to Global SuccessAfter a rocky start in life, in which a young Matsuhisa was placed on probation after reckless driving, he got "lost in sushi." After stints in Peru and Alaska, it was setting up Matsuhisa restaurant on Los Angeles' La Cienega Boulevard that made his name, introducing a sense of the unexpected and the lavish to the burgeoning western yen for sushi.The De Niro PartnershipRobert De Niro was one convert, making an offer to set up a New York branch that Matsuhisa refused; it was something he felt he wasn't ready for. Several years on, they finally partnered to set up the first of the eponymous eateries. One of De Niro's acquaintances questioned how Matsuhisa could be a master if he just had to chop raw fish. "Nobu wouldn't like to hear you say that," was the actor's testy reply.Personal Struggles and Culinary PerfectionismThis docu-portrait reveals telling vignettes in the second half. One is Matsuhisa hauling the Los Cabos hotel staff over the coals for sloppy preparation of his dishes; the other is De Niro shooting down another partner's ill-fitting ideas for new Nobu locations. Both testify to the difficulty of maintaining a coherent culinary and brand culture in globalised ventures; Matsuhisa does indeed seem to supply a Japanese aestheticism and rigour at the centre of things.The Cost of SuccessOne colleague suggests his sensitivity to failure is also very Japanese: he came close to suicide after his Alaska restaurant burned down and is haunted by a feeling of responsibility for the suicide of his best friend. But having lost his father traumatically early, it's just as likely this anxiety is personal. Either way, it's clear that this sensitivity paid off in the kitchen.
#Nobuyuki Matsuhisa #Robert De Niro #Nobu Restaurant
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Sports May 12, 2026

Argentina Names 55-Man World Cup Squad with Messi Included, Participation Still Uncertain

Argentina has included Lionel Messi in their 55-man preliminary squad for the FIFA World Cup 2026, …
The LeadLionel Messi's participation in the FIFA World Cup has been the subject of fan queries for the past few months, but his inclusion in Argentina's preliminary squad for the tournament may have put those concerns to rest. The global football superstar was among the 55 players named by Lionel Scaloni in his initial World Cup roster, though the 38-year-old has yet to fully confirm his availability as Argentina look to defend their title.The Squad AnnouncementScaloni's preliminary roster includes 16 forwards, with Messi being the most prominent name. The selection comes as Argentina prepares to defend their World Cup title in a tournament co-hosted by Canada, Mexico, and the United States. The squad announcement also included Gianluca Prestianni despite a six-match ban imposed on the player that could see him miss his team's first two group games.The Messi QuestionMessi has repeatedly hinted that his time on the global stage may be coming to an end. "I'm conscious that I'm playing my final matches, and I'm enjoying them to the maximum," Messi said after an Inter Miami game in June. "I'm sure that you're watching my final moments in football's elite." However, he has neither committed nor cut ties with La Albiceleste in the run-up to the monthlong tournament, which begins on June 11.Team Dynamics and Prestianni's BanMessi's teammates have been very clear about their wishes. "With Messi, we might have scored two or three more goals," Julian Alvarez said after Argentina's 4-1 win over Brazil in the South American qualifiers last year. Rodrigo de Paul echoed Messi's fans in Argentina and around the world when he said: "The best of our teams is always when the number 10 is playing because he is the greatest of all time."Meanwhile, 20-year-old Prestianni is set to miss at least two of Argentina's World Cup fixtures as he serves a six-match ban for using homophobic slurs during a UEFA Champions League game in February. Playing for Benfica of Portugal, Prestianni was accused of hurling verbal insults towards Real Madrid's Vinicius Jr. The original penalty was handed out by UEFA before FIFA extended the punishment to all worldwide sanctioned matches.World Cup Defense TimelineArgentina open their title defense against Algeria on June 16 in Kansas City, Missouri, before facing Austria on June 22 in Dallas, Texas, and Jordan at the same venue on June 27. The World Cup will conclude on July 19. Messi scored seven goals for Argentina as they lifted the World Cup trophy for the first time in 36 years at the Qatar 2022 tournament, including the team's first goal in regulation time in the final against France.
#Lionel Messi #FIFA World Cup 2026 #Argentina
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