NYSE:GMESpecialty Retail
GameStop (GME) Drops $35 Billion CEO Award To Chase eBay Deal
GameStop (NYSE:GME) CEO Ryan Cohen has asked the board to cancel a US$35b performance award.
The decision is tied to Cohen’s plan to pursue an acquisition of eBay, marking a shift beyond GameStop’s core retail focus.
eBay’s board has rejected the initial proposal, and Cohen has signaled an intention to take the offer directly to eBay shareholders.
GameStop, long associated with video game retail, is now at the center of a much broader story. By linking the withdrawal of a US$35b performance...