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Aussie Data Science Student Wins $1 Million FutureBall Jackpot After Impulse Ticket Purchase

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Mining (iron ore)

SYDNEY — Throwing financial caution to the wind has delivered a life-changing $1 million windfall for a New South Wales university student who became the first Division 1 winner in Australia’s newest lottery, FutureBall. The data science student in his 20s purchased a $12.35 ticket on a whim and matched all numbers including the special FutureBall in last Friday’s draw, securing the full guaranteed prize without sharing it with any other player.

The "Aussie Great Again" Trade: AUD Breaches 70 US Cents
Aussie Data Science Student Wins $1 Million FutureBall Jackpot After Impulse Ticket Purchase

The win, confirmed Monday by The Lottery Office, marks a historic moment for the game just four weeks after its April 2026 launch. FutureBall promises odds more than twice as favorable as traditional Australian lotteries for its fixed $1 million top prize, with no risk of splitting the jackpot due to its unique format that prevents duplicate number combinations.

When lottery officials contacted the young man to break the news, his stunned reaction captured the disbelief many winners experience. “Oh my god, really?! Oh my goodness! Am I the only one to win that prize?” he asked, according to a recording shared by the operator. The student, who has asked to remain anonymous, quickly shifted from shock to gratitude as the reality sank in.

A Game-Changing Moment for Family Security

In a brief interview arranged through The Lottery Office, the winner described the prize as removing a heavy weight from his shoulders. “When I think about my future now, I feel grateful and relieved. It was a life-changing moment,” he said. “Something I have always hoped for is to give my family a more secure and comfortable life. This makes that feel possible in a way it didn’t before.”

The student emphasized relief from financial stress and new opportunities for his loved ones. “This win will give my family and me much more peace of mind,” he added. After addressing immediate family needs and continuing his education without burden, he plans to focus on careful long-term financial planning.

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For celebration, the young millionaire kept plans refreshingly simple and grounded. “Maybe buy some clothes and shoes. I’m excited to go shopping tomorrow,” he said, revealing a modest outlook despite the sudden fortune. No lavish cars or exotic vacations were mentioned — just practical steps toward stability.

How FutureBall Works and Its Appeal

FutureBall, operated by The Lottery Office, launched as Australia’s “most winnable” million-dollar lottery. Unlike games with rolling jackpots that can balloon but often get divided among multiple winners, FutureBall guarantees one sole Division 1 winner every draw. Entries close at 7:30 p.m. AEST with draws at 8:30 p.m., offering games starting from as little as 95 cents.

The format ensures no two tickets share identical combinations, eliminating prize sharing. Odds of winning the top prize stand at approximately 1 in 4,034,712 — significantly better than many established national lotteries. The game has quickly gained traction as a fresh alternative for players seeking realistic chances at substantial, undivided winnings.

Chief Executive Jaclyn Wood highlighted the innovation: “FutureBall was created to rethink the traditional lottery experience and give Australians better first division odds at a genuinely life-changing prize.” The student’s win in only the sixth draw validates the model early in its rollout.

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Broader Context of Australian Lotteries

Lottery wins have long captured the public imagination in Australia, where games like Powerball and Oz Lotto regularly produce multimillion-dollar jackpots. Yet stories of young winners using prizes for education, family support and prudent planning often resonate most deeply amid cost-of-living pressures and housing affordability challenges.

This victory arrives as many young Australians face student debt, rental stress and delayed milestones like home ownership. A $1 million windfall, while not enough for outright retirement, can provide a powerful head start — paying off loans, helping family, or investing in property and education.

Financial experts advise new winners to pause major decisions. Recommendations typically include consulting licensed advisors, setting aside tax obligations (lottery winnings are generally tax-free in Australia but investment income is not), and establishing a structured plan to preserve wealth. The student’s focus on family security and future planning aligns with common prudent strategies.

Reactions and Social Media Buzz

News of the win spread rapidly across Australian media and social platforms, with many celebrating the relatable story of a hardworking student catching a break. Comments highlighted the appeal of FutureBall’s structure and wished the winner well in managing sudden wealth responsibly. Some players reported rushing to buy tickets for upcoming draws, inspired by the quick first jackpot.

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The Lottery Office noted strong early engagement with the new game, positioning it as a modern evolution in Australia’s lottery landscape — the first major new draw-based offering in over a decade.

Lessons from an Impulse Play

The winner’s decision to buy a ticket on impulse underscores a common theme in lottery success stories: sometimes the biggest rewards come from small, spontaneous acts. Yet officials consistently remind players to gamble responsibly, treating lotteries as entertainment rather than financial strategy.

For this young data science student, the win represents validation of calculated risk — both in his academic field and in that $12.35 purchase. As he embarks on shopping for new clothes and mapping out a brighter future, his story offers hope that life-changing opportunities can still arise in unexpected ways.

The full $1 million will be transferred directly to the winner, who has time to claim and plan. In the meantime, his tale serves as a timely reminder of FutureBall’s promise: one ticket, one winner, one million dollars — no sharing required. As more draws continue, eyes will remain on whether lightning can strike twice for another deserving Australian.

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For now, one data science student from New South Wales stands as proof that throwing a little caution to the wind can sometimes rewrite an entire future.

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Trump to head to Beijing for Xi summit amid AI chip and trade talks

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Trump to head to Beijing for Xi summit amid AI chip and trade talks

President Donald Trump is set to travel to China this week for a summit with Chinese President Xi Jinping that comes as the relationship between the world’s two largest economies is disrupted by ongoing trade disputes and emerging technology.

Trump’s meeting with Xi in Beijing on May 14–15 comes amid the Iran war affecting global energy markets, while the trade tensions between the U.S. and China continue to simmer amid tariff disputes, the artificial intelligence (AI) race and potential export deals.

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The two countries may negotiate new commitments by China to purchase American farm goods and jetliners, with restrictions on the sale of advanced AI chips a potential sticking point.

Derek Scissors, a senior fellow at the American Enterprise Institute whose focus includes U.S. economic ties with China, told FOX Business that the “president wants to announce a bunch of purchases” of U.S. goods following the talks and sees China as having flexibility to make public commitments to that effect.

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Donald Trump stands next to Xi Jinping

President Donald Trump’s last trip to China to meet with Chinese President Xi Jinping was in November 2017, which was the last visit by a U.S. president. (Evelyn Hockstein/Reuters)

“Xi Jinping can just say, ‘we are going to do this.’ It doesn’t mean they actually do it – they didn’t do it in the phase one deal – but he can say that, and they can announce that China will buy this many Boeings and this many soybeans, so I think they’re going to negotiate a purchase deal,” Scissors said.

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He said that he views a public deal involving Chinese purchases of U.S. energy as unlikely due to political sensitivities stemming from the Iran war, but China may seek a deal allowing it to purchase advanced AI chips.

“On the Chinese side, they, of course, want more advanced technology. One of the reasons they have not bought any H200 Nvidia chips is that they want to put pressure on the company to sell them better chips,” Scissors said. “They’ll even eventually acquire H200 chips, and probably already have indirectly, but what they want is an agreement to sell more advanced chips.”

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chip on board with nvidia logo in the back

Nvidia’s advanced AI chips have been a major point of contention in U.S. trade with China. (Jakub Porzycki/NurPhoto)

“That’s the basic economic trade: the Chinese make, or at least announce, large-scale purchases of U.S. items that we sell to China, which is aircraft and farm goods in the lead if you’re not going to count energy, and then we agree to sell them more advanced chips than the H200,” he said.

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Scissors added that he’s unsure whether Trump is interested in selling the advanced chips to China, given the tension between his stated desire for more U.S. exports and the restrictions that have been put in place on the sale of those chips.

Kyle Chan, a fellow at The Brookings Institution’s John L. Thornton China Center, expressed a similar sentiment and told FOX Business that Beijing’s approach to export controls will be a big question ahead of the summit.

“Trump allowed the sale of Nvidia H200 chips to China subject to certain conditions. Beijing, however, has not been eager to allow the import of these chips. While Chinese AI companies would like to access stronger AI chips, Beijing is keen to support domestic AI chipmakers instead,” Chan noted. “Will Trump see this as a technology issue or a trade issue?”

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President Donald Trump shakes hands with Chinese President Xi Jinping in front of the American and Chinese flags.

President Donald Trump last met with Chinese President Xi Jinping in October 2025 in Busan, South Korea. (Evelyn Hockstein/Reuters)

Chan added that the investment deals that have been reached between the U.S. and Japan and South Korea, two regional rivals of China, may be appealing to Chinese leadership – though he cautioned it isn’t clear the U.S. would be receptive.

“Beijing is quite interested in increasing Chinese investment in the U.S. They look around and see U.S. investment deals with other countries like Japan and South Korea and wonder whether this might be an easy win-win. The real question is whether the U.S. would find this attractive or see this as a source of greater risk and dependency,” Chan said.

A spokesman for the Chinese Ministry of Foreign Affairs said that the two presidents will exchange their views on “major issues concerning China-U.S. relations and on world peace and development.”

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“China stands ready to work with the U.S. to expand cooperation and manage differences in the spirit of equality, respect and mutual benefit, and provide more stability and certainty for a transforming and volatile world,” the spokesman added.

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Federal court orders $150m compensation for Yindjibarndi in Fortescue feud

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Federal court orders $150m compensation for Yindjibarndi in Fortescue feud

Fortescue has been ordered to pay the Yindjibarndi people $150 million for mining their lands without approval by Australia’s Federal Court.

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Tata Power Q4 Results: Profit slips 4% YoY to Rs 996 cr, revenue falls 13%

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Tata Power Q4 Results: Profit slips 4% YoY to Rs 996 cr, revenue falls 13%
Tata Power on Tuesday reported a consolidated net profit of Rs 996 crore in the fourth quarter of FY26, which was down 4% year-on-year (YoY) from Rs 1,043 crore in the last year’s quarter. The Board has recommended a final dividend of Rs 2.5 per share for the financial year ended March 2026.

Revenue from operations fell 13% YoY to Rs 14,900 crore in the reporting March quarter, compared with Rs 17,096 crore in the year-ago quarter.

EBITDA rose 10% to Rs 4,216 crore during the quarter.

Tata Power said operational efficiency improvements and growth across core businesses supported earnings during the quarter. The company’s core business reported 13% YoY growth in PAT in Q4, driven mainly by generation, transmission and distribution, and renewables businesses.

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For the full financial year FY26, Tata Power reported its highest-ever annual PAT of Rs 5,118 crore, up 7% year-on-year, while EBITDA increased 11% to Rs 16,090 crore. Annual revenue stood at Rs 63,681 crore.


The renewables segment remained a key growth driver. Renewable business PAT before exceptional items rose 59% YoY to Rs 1,994 crore in FY26, while Q4 PAT stood at Rs 406 crore.
The solar manufacturing business also saw strong traction, with FY26 PAT more than doubling to Rs 857 crore, aided by module and cell manufacturing ramp-up and yields exceeding 95%.The rooftop solar business reported a 150% jump in FY26 PAT to Rs 499 crore, while the transmission and distribution business posted a 49% rise in annual PAT to Rs 2,978 crore. Odisha discoms recorded an 84% increase in FY26 PAT at Rs 809 crore.

During the year, Tata Power commissioned 2.5 GW of renewable energy capacity and said its total renewable portfolio has now reached 11.6 GW, including projects under construction. The company also announced that the board of Tata Power Renewable Energy approved an investment of around Rs 6,500 crore for a 10 GW photovoltaic ingot and wafer manufacturing facility to deepen backward integration in solar manufacturing.

CEO and MD Praveer Sinha said the company continued to focus on long-term growth through clean energy expansion, transmission projects and distribution improvements across Odisha, Delhi and Mumbai. He added that rising electricity demand and India’s energy transition would continue to create growth opportunities across rooftop solar, manufacturing and customer-centric energy solutions.

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Is Spotify Down Now? App Experiences Minor Glitches as Users Report Playback and Login Issues on May 13

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Spotify and the major music company Universal have inked a new deal

NEW YORK — The Spotify app faced scattered reports of technical difficulties Tuesday, with some users experiencing playback interruptions, login errors and delayed playlist loading, though the streaming giant has not confirmed a widespread outage. As of midday May 13, 2026, Downdetector and other monitoring sites showed elevated but not critical complaint levels, primarily centered on the mobile app rather than a full service disruption.

User reports spiked modestly in the morning hours, with many complaining about songs stopping mid-play, search functions failing, or the app freezing when opening curated playlists. Android users appeared disproportionately affected, echoing similar Android-specific issues reported on May 11. Spotify’s official status channels and support forums have remained relatively quiet, suggesting the problems may be isolated or resolving quickly.

A Spotify spokesperson said the company is aware of “intermittent issues affecting a small percentage of users” and that engineering teams are actively investigating. “Most users should experience normal service,” the statement read. “We recommend updating the app and restarting devices as a first step.” No major global outage has been declared, distinguishing today’s reports from previous widespread disruptions that affected tens of thousands.

Recent History of Spotify Disruptions

Spotify has encountered several technical hiccups in 2026. On May 11, Android users reported “Something went wrong” errors when accessing playlists, a problem that was largely resolved within hours. Earlier incidents in April and February also involved app crashes and server connection issues, often tied to backend updates or high traffic periods.

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The music streaming service, which boasts more than 600 million users worldwide, relies on a complex infrastructure of content delivery networks, recommendation algorithms and real-time syncing. Even minor glitches can frustrate millions when they occur during peak listening hours.

What Users Are Experiencing

Common complaints Tuesday included:

  • Songs buffering indefinitely or stopping after 10-15 seconds
  • Playlists failing to load or showing as empty
  • Login loops on mobile devices
  • Search bar returning no results
  • Downloaded content becoming temporarily inaccessible

Most affected users reported the issues began around 8-10 a.m. EDT. Desktop and web player versions appeared less impacted, with many listeners switching platforms as a workaround. Spotify Premium subscribers were not spared, though free-tier users with advertisements sometimes saw additional delays.

Troubleshooting Tips

Spotify recommends the following steps for users facing problems:

  • Force-close and restart the app
  • Check for app updates in the App Store or Google Play
  • Restart the device
  • Reinstall the app if issues persist
  • Clear cache (Android) or offload/reinstall (iOS)
  • Try switching between Wi-Fi and mobile data

For persistent problems, users can visit Spotify’s support site or community forums, where moderators actively monitor and update ongoing issues.

Broader Context of Streaming Reliability

Spotify is not alone in facing occasional service hiccups. Major streaming platforms including Netflix, YouTube Music and Apple Music have all experienced similar intermittent issues in recent months, often linked to rapid feature rollouts, server maintenance or unexpected traffic surges. As streaming consumption grows, the pressure on backend systems increases.

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Industry analysts note that Spotify has invested heavily in infrastructure resilience, including multi-region data centers and advanced load balancing. However, the complexity of personalized recommendations, podcast integration and social features creates more potential points of failure than simpler services.

Impact on Users and Business

For casual listeners, today’s glitches represent a minor inconvenience. For heavy users and those relying on Spotify for focus, workouts or commutes, interruptions can be frustrating. Content creators and podcasters have also voiced concerns about reliability during live events or scheduled releases.

From a business perspective, Spotify continues to grow its user base and improve monetization despite occasional technical hiccups. The company reported strong subscriber growth in its most recent earnings, with premium users driving the majority of revenue. Short-term outages rarely have lasting effects on overall retention when resolved quickly.

When to Expect Resolution

Most reported Spotify issues in 2026 have been fixed within a few hours. If problems persist into the afternoon or evening, users should monitor official channels for updates. Spotify’s @SpotifyStatus account on X and the company’s community board typically post acknowledgments during significant events.

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In the meantime, many affected users have turned to downloaded content, alternative platforms or web browsers as temporary solutions. Spotify encourages patience while technical teams work behind the scenes.

As streaming becomes central to daily entertainment, reliable uptime grows increasingly important. Today’s scattered reports serve as a reminder of the infrastructure challenges behind seamless music delivery. For now, most Spotify users appear able to listen without major disruption, with only a subset experiencing temporary issues.

Spotify continues to dominate the music streaming landscape, and these occasional glitches have not slowed its overall momentum. Users experiencing problems today are encouraged to try basic troubleshooting or wait for an automatic resolution, which has proven effective in similar past incidents.

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Earnings call transcript: Suncor Energy Q1 2026 beats forecasts but shares dip

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Earnings call transcript: Suncor Energy Q1 2026 beats forecasts but shares dip

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Aussie shares wobble ahead of budget, oil surges again

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Aussie shares wobble ahead of budget, oil surges again

Australia’s share market has wobbled ahead of the federal budget, as investors brace for tax reforms expected to impact returns on housing and stocks.

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Vodafone Idea board to weigh fundraise through equity after AGR relief

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Vodafone Idea board to weigh fundraise through equity after AGR relief
Vodafone Idea on Tuesday said its board will meet to consider a proposal to raise funds through the issuance of equity shares and/or warrants on a preferential basis, subject to regulatory and shareholder approvals.

The proposed fundraising comes at a time when investor sentiment around the company has improved sharply following a series of developments that eased concerns around its long-standing balance sheet stress and capital raising ability.

Vodafone Idea stock has surged nearly 30% over the past month and gained more than 50% in the last four months, aided by regulatory relief on adjusted gross revenue (AGR) liabilities, management changes and renewed expectations around network expansion funding.

A major trigger came earlier this month after the Department of Telecommunications recalculated the company’s AGR dues, lowering the outstanding amount to around Rs 64,046 crore as of December-end. The move was seen by analysts as a significant reduction in financial overhang for the debt-laden telecom operator.

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The company also saw renewed investor attention after Kumar Mangalam Birla returned as non-executive chairman, nearly five years after stepping down during a period marked by mounting financial pressure and uncertainty over the telecom operator’s future.


The sharpest rally in the stock, however, came earlier this week after a Bloomberg report said UK-based Vodafone Group was exploring a potential transfer of a portion of its stake in Vodafone Idea back to the company for treasury holding purposes. Vodafone Plc currently owns about 19% in the Indian telecom operator.
Brokerages have turned more constructive on the stock after the AGR clarity. Citigroup maintained its “Buy-High Risk” rating on Vodafone Idea with a target price of Rs 14, implying further upside from current levels.According to Citi, uncertainty surrounding AGR liabilities had for years weakened lender confidence and delayed the company’s fundraising plans. The brokerage said the government’s conversion of dues into equity, resulting in a 36% stake in Vodafone Idea, has materially improved the company’s prospects of securing fresh capital for network investments.

Also read: Gold, housing play under pressure as PM’s pitch rattles consumer-facing stocks

Citi also noted that the improved regulatory clarity reduces execution risk around Vodafone Idea’s previously announced fundraising roadmap. The brokerage now expects the telecom operator to have better visibility in completing its targeted debt raise, which is crucial for accelerating 4G and 5G rollout plans and competing more effectively with rivals Reliance Jio and Bharti Airtel.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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These Stocks Are Today’s Movers: Qualcomm, Intel, Micron, Zebra, Nvidia, Quantum Computing, GameStop, and More

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These Stocks Are Today’s Movers: Qualcomm, Intel, Micron, Zebra, Nvidia, Quantum Computing, GameStop, and More

These Stocks Are Today’s Movers: Qualcomm, Intel, Micron, Zebra, Nvidia, Quantum Computing, GameStop, and More

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Dixon Technologies Q4 Results: Cons PAT falls 36% YoY as topline grows 2%; Rs 10/share dividend announced

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Dixon Technologies Q4 Results: Cons PAT falls 36% YoY as topline grows 2%; Rs 10/share dividend announced
Dixon Technologies on Tuesday reported a consolidated net profit of Rs 256 crore in the March-ended quarter versus Rs 401 crore in the year-ago period, implying a 36% fall. The profit after tax (PAT) was attributable to the owners of the company. The company’s revenue from operations in Q4FY26 was up 2% to Rs 10,511 crore versus Rs 10,293 crore posted by the company in the corresponding quarter of the previous financial year.

Meanwhile, Dixon Technologies’ total income grew 3% year-on-year to Rs 10,595 crore versus Rs 10,304 crore in Q4FY25. It included other income of Rs 84 crore compared to Rs 11 crore in the year-ago period.

The company’s board recommended a final dividend of Rs 10 per equity share for the financial year 2025-26. The dividend, if approved by the company members at its 33rd Annual General Meeting (AGM), will be credited within 30 days from the AGM date, the company filing said.

The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 493 crore in the quarter under review, up 9% YoY.

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Dixon Tech’s expenses in the reported quarter stood at Rs 10,231 crore versus Rs 10,399 crore in Q3FY26 and Rs 9,982 crore in the year-ago period. The expenses were for the cost of material consumed, employee benefits and finance cost, among other things.


The profit before tax (PBT) was Rs 370 crore in Q4FY26 versus Rs 412 crore in Q3FY26 and Rs 576 crore in Q4FY25.
For the full financial year, PAT stood at Rs 1,644 crore, gaining 33% YoY, while total income stood at Rs 49,586 crore, up 28%. EBITDA for FY26 increased 69% to Rs 2,580 crore over the previous financial year. The earnings were announced after market hours, and Dixon Tech shares ended today at Rs 10,120, down by Rs 652 or 6.05%.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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eBay rejects $55.5bn offer from GameStop

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eBay rejects $55.5bn offer from GameStop

The online auction giant said it doubted how the video game retailer would finance its offer.

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