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GameStop CEO Drops $35 B Pay to Chase $48 B eBay Deal

6/25/2026

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Summary

Story summary

GameStop CEO Ryan Cohen withdrew his $35 billion pay package to pursue an eBay acquisition.
He reaffirmed his plan to buy eBay, valued at $48 billion, and pledged $500 million of his own money.
He did not rule out a hostile takeover.
Shareholders will vote on the pay package before the July 7 annual meeting.
GameStop said performance hurdles will be adjusted for a stock-based eBay purchase and details will be issued this week.

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Story summary

GameStop CEO Ryan Cohen withdrew his $35 billion pay package to pursue an eBay acquisition.
He reaffirmed his plan to buy eBay, valued at $48 billion, and pledged $500 million of his own money.
He did not rule out a hostile takeover.
Shareholders will vote on the pay package before the July 7 annual meeting.
GameStop said performance hurdles will be adjusted for a stock-based eBay purchase and details will be issued this week.