EU fines AliExpress €550m: record DSA penalty over illegal goods

AliExpress EU fine under the Digital Services Act

The European Commission has fined AliExpress €550 million (about $629 million) for breaching the Digital Services Act, its largest penalty yet for failing to control the sale of illegal, unsafe and counterfeit products. Alibaba has signalled it will appeal, setting up a landmark test of Europe’s platform rulebook.

GameStop shareholders back share increase: eBay takeover push advances

GameStop eBay takeover

GameStop shareholders approved a large increase in authorized stock on July 7, giving Ryan Cohen the equity ammunition to press a $55.5 billion bid for eBay that the target board has already rejected. The vote signals GameStop intends to take its unsolicited offer straight to eBay shareholders.