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Arnne Carragie

GameStop's Ryan Cohen Drops $35B Stock Award to Pursue Hostile $56B eBay Takeover

GameStop Corp (NYSE: GME) has shocked the market by pivoting from a physical video game retailer into an aggressive e-commerce consolidator. CEO Ryan Cohen has officially requested the board to cancel a massive US$35 billion performance-based bonus incentive plan. This decision is directly linked to his ambitious, highly scrutinized proposal to acquire e-commerce giant eBay (NASDAQ: EBAY) for an estimated US$55.5 billion to US$56 billion.
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