🏷️$56B eBay bid not cheap; Judge sides with all-cash homebuyers; Radio station K104 sold.

GameStop's $56-billion bid for eBay had one major shareholder selling, the stock price dropping slightly and financial reporters trying to figure out if the numbers could work for the Grapevine-based company. 

The U.S. Securities and Exchange Commission proposed semi-annual reporting to replace quarterly earnings reports for public companies. Advocates argue it would remove red tape for companies and make it less costly to remain publicly traded. Opponents argue the change would result in less transparency.

A district judge ruled Michael Morris' firing last week was unconstitutional and put him back in his role as the North Central Texas Council of Governments transportation director, according to the Fort Worth Report. Morris, 70, had been in the position for 35 years and was fired April 28 by the NCTCOG's CEO Todd Little. 

A federal judge struck down a statute that mandated the U.S. Treasury’s Financial Crimes Enforcement Network to receive a report on all non-financed (all-cash) residential real estate purchases made by legal entities, trusts or corporations. Judge Jeremy Kernodle found that the Treasury overstepped its authority, failing to justify treating all such transactions as inherently criminal.

M.L. Leddy’s and the Franklin family, in partnership with Parking Systems of America, have initiated the approval process with Fort Worth to build a $14-million, 246-space parking garage on the corner of Ellis Avenue and 25th Street to meet the Stockyard’s growing parking needs.

A MESSAGE FROM MUNSCH HARDT:

Munsch Hardt, a full-service Texas-based law firm, announces the opening of its Fort Worth office, marking its fourth location in Texas and formalizing years of work in the market. Led by Managing Shareholder Adrienne Wall, the office is anchored by experienced attorneys across real estate, financial services, construction, litigation, and corporate law. The expansion strengthens the Firm’s ability to serve Fort Worth businesses with sophisticated local counsel, while supporting continued growth in one of Texas’ most active and evolving markets.

Urban One has entered into an agreement to acquire Arlington-based Service Broadcasting Group, including its flagship radio stations — Urban KKDA (K104) and Urban AC KRNB (Smooth R&B 105.7). 

With $4 million from the Governor's office awarded to The University of Texas at Arlington, the school and Rice University are teaming to develop a real-time, flood-warning system for the Texas Hill Country. The system will blend radar-derived rainfall estimates, stream-gauge readings and advanced hydrologic and hydraulic models to potentially forecast flood depths.

H-E-B will open its grocery store at 2105 Rio Grande Blvd. along Texas 121 in Euless at 6 a.m. May 20. The store includes a full-service pharmacy with a drive-thru, True Texas BBQ restaurant, and H-E-B Curbside and home delivery. Also on-site is a fuel station with a car wash. 

The North Texas Community Foundation awarded $304,700 in grants to non-profits, part of the ToolBox Grant Cycle for Tarrant County. The total grants now exceed $4 million since 2010. ToolBox projects are expected to benefit more than 250 non-profits and expand access to critical services.

Crunch Fitness will open its fifth facility in Tarrant County; this one is Crunch Saginaw located at 1653 Creststone Trail. The $12-million, 36,000-square-foot building, operated by Crunch Fitness franchisee Southwest Fitness Holdings LLC, is expected to open by year-end.

A long-time Fort Worth seafood staple, J&J Oyster Bar, will close May 30 after 45 years in the Cultural District. Owner Jim Schusler said the property has been sold amid surrounding redevelopment and would require significant repairs. The laid-back spot was known for its New Orleans-style seafood.

Fort Worth-based Koddi, a commerce media platform for enterprises that was spun out of PGM, entered into a strategic partnership with Universal Ads, giving brands the ability to create, buy and measure ads across premium video. The agreement brings TV advertising to Koddi’s platform for the first time. 

The Supreme Court issued a temporary order restoring access to abortion medication mifepristone until at least May 11. The one-sentence order, signed by Justice Samuel Alito, paused a lower-court ruling from the Fifth Circuit appeals court, which prevented abortion providers from prescribing the pills by telemedicine and shipping them to patients. 

The Supreme Court took the unusual step of making its recent ruling to limit the use of race in redistricting effective ahead of the usual 32-day waiting period. This ruling allows the high court’s landmark April 29 decision in Louisiana v. Callais to take effect immediately.

Fort Worth-based TimelyCare acquired Alongside, an interactive AI coaching platform that combines evidence-based skill-building with proprietary safety models. The acquisition moves TimelyCare from primarily supporting students at the point of clinical need to helping institutions engage earlier across the care continuum in areas such as stress, loneliness, uncertainty and a sense of not belonging.

Historic Fort Worth has announced four properties for its 2026 Most Endangered Places list: The Fort Worth Community Arts Center, Texas & Pacific Warehouse, Mary Elizabeth Apartments off Hemphill and the staircase at the site of the former Swift & Co. Meatpacking Plant in the Stockyards.

The city of Arlington posted its congratulations to the National Medal of Honor Museum, which was named one of the World’s Most Beautiful Museums for 2026 by Prix Versailles. The global architecture and design award program recognized the museum among just seven institutions  — and the only choice in the Western Hemisphere — for excellence in design and cultural impact.

Mark Followill, the long-time voice of the Dallas Mavericks, revealed he has been diagnosed with throat cancer and said the 2026 season could be his last behind the microphone. 

Texas to get Dell on re-incorporation list: "Texas is where Dell has innovated, expanded, and invested for more than four decades, and bringing our legal home to Texas reflects what we’ve been building here all along," CEO and Chairman Michael Dell said, according to The Dallas Morning News. 

Significant stat: $7.4 billion = Legally effective settlement amount with Purdue Pharma, Inc. and its owners, as announced by Attorney General Ken Paxton. The settlement holds the company accountable for its role in fueling the opioid crisis and gives funds to communities across the country. Texas is expected to receive $286.5 million from the settlement. 

Announcements:

• Blackwell Health Partners: Gwen Watanabe, Ken Moelis, Dr. Arie Belldegrun, Laura O'Donnell, Jordan Moelis and Josh Bradley are co-founders of Blackwell Health Partners, a private equity healthcare buyout fund. 

• Atlantic Cape Community College (NJ): Hires Dr. Jason Abreu as President. He has been VP of Student Affairs at Tarrant County College’s Trinity River Campus. 

• Dallas Mavericks: Hires Masai Ujiri as President to oversee basketball operations. He previously was with the Toronto Raptors. 

• Governor Greg Abbott: Appoints Michael Ferry of Fort Worth to the 213th Judicial District Court in Tarrant County for a term set to expire no later than December 31, 2026. Ferry is the assistant district attorney in the Narcotics Unit of the Tarrant County District Attorney’s Office. 

• ECI Software: Names Adam Sklader Industry President - Manufacturing.

• Hatfield Advisors: Announces Bailey Floyd as Vice President, Brokerage & Marketing.

• Texas Library Association: Recognizes Fort Worth Public Library as winner of the 2026 Branding Iron Award. It was recognized in the Fundraising, Annual Report and Strategic Plan Marketing category for its innovative promotional campaign of the Fiscal Year 2024 Annual Report.

• WInstead: Adds Maddie Royal as Associate Attorney-Litigation.

• PNC Private Bank: Hires Lauren East as Senior Relationship Strategist.  

• CohnReznick: Hires Justin Ricketts as Chief Technology Officer.

• Regions Bank: Adds Christina Clemmons as Texas Consumer Banking Executive. 

• Toro Branded Apparel & Merchandise: Hires Lexi Martinez as Senior Branding Specialist. 

• Hurst: Hires Zachary Tekavec as General Manager for aquatic venues.

• Lockheed Martin: Names Grant Owens a Staff Business Operations Analyst. 

• Alexander Chandler, Broker (“Snazzy name to follow”): Launches independent real estate brokerage company.

• Asset Funders Network: Hires Ashley McIver as Regional Director for North Texas chapter.

• Cushman & Wakefield / Commercial Oklahoma: Hires Jada Bailey as Junior Associate. 

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