GameStop CEO Ryan Cohen scrapped his pay package plan that stood to net him as much as $35 billion if he hit certain performance targets, citing a desire to focus on his eBay takeover bid. However, Cohen has shared few details on how he'll move forward with his $56 billion offer for eBay since the company rejected the proposal in May.
GameStop Corp (NYSE:GME)'s board has scrapped a proposed CEO performance award after a request from CEO Ryan Cohen, who said he wants leadership focused on the company's operating performance and its pursuit of online marketplace eBay. The award, approved in January 2026, would have paid Cohen as much as $35 billion if GameStop reached a market capitalization of $100 billion.
GameStop has scrapped CEO Ryan Cohen's potential $35 billion pay deal — at his request. The Chewy cofounder wants to focus on turning around GameStop and acquiring eBay, the company said.
GameStop said on Tuesday its board had granted the request of CEO Ryan Cohen to withdraw his proposed performance award, as the company shifts its focus towards the potential acquisition of eBay.
Vinted has seen an explosive growth in recent years, boosted by consumers increasingly looking for value amid rising costs of living globally. The consumer-to-consumer platform allows customers to sell unwanted items like clothing, electronics, or even furniture, and was recently valued at over $9 billion.
eBay is experiencing a revenue revival, with FY2025 growth at 7.9% and revenue reaching $11.1bn. I am confident in a Buy rating, supported by a price target of $132 and key catalysts driving share price potential. The platform's global scale, trusted brand, and unique category communities underpin EBAY's competitive advantage amid a challenging e-commerce landscape.
GameStop delivered a strong Q1, with net sales up 14% and a major shift toward higher-margin collectibles driving operational profitability. GameStop's $2 billion buyback and cost discipline signal strategic capital allocation, but the company's legacy hardware business continues to decline. GameStop's proposed $55 billion hostile bid for eBay faces major financing and strategic hurdles, making...
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