Shares of technology companies rose amid deal intrigue.
EBay shares rallied after GameStop Chief Executive Ryan Cohen made an unsolicited offer to buy the online auctioneer for about $56 billion and said he saw a path to make the e-commerce company a much bigger competitor to Amazon.com.
Cohen told The Wall Street Journal on Sunday that GameStop built a roughly 5% stake in eBay and was offering $125 a share in cash and stock, a roughly 20% premium to its closing price on Friday.
Chip startup Cerebras Systems will offer 28 million shares in its planned initial public offering at a price of $115 to $125 a share.
Anthropic is creating a joint venture with Blackstone, Goldman Sachs and a handful of other Wall Street firms that aims to sell artificial-intelligence tools to companies, including those backed by private-equity firms.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-04-26 1713ET
