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GameStop CEO Ryan Cohen Forgoes $35 Billion Bonus to Pursue eBay Acquisition

Mike Straw

13d ago· 2 min readenNews

finance business gaming mergers & acquisitions

Summary

GameStop CEO Ryan Cohen has withdrawn plans for a performance bonus payout worth up to $35 billion, as the company shifts its primary focus to acquiring eBay. This follows GameStop's unexpected $55 billion offer to purchase the auction platform in May, which the company is still pursuing despite the initial surprise.

Source

bskyGameStop CEO Ryan Cohen Forgoes $35 Billion Bonus to Pursue eBay Acquisitioninsider-gaming.com

Key quotes

· 4 pulled

The payout would've been worth up to $35 billion had specific market cap and profit milestones been hit.

But now, Cohen is no longer worried about hitting those goals and getting that money.

Instead, the company's primary focus is now on purchasing the long-running auction platform.

In May, GameStop made an unexpected $55 billion offer to purchase eBay.

Snippet from the RSS feed

GameStop won't give up trying to buy eBay, and its CEO is even willing to give up a $35 billion payout to do so.

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