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GameStop’s CEO just sacrificed a $35 billion pay package. Here’s how it could impact his effort to buy eBay
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- Game Stop CEO Ryan Cohen reminded Wall Street this week that he's still serious about buying e Bay.
- It was the company's first major update regarding its pursuit of eBay since May, when Cohen unveiled his audacious bid to buy the e-commerce company for $56 billion.
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Game Stop CEO Ryan Cohen reminded Wall Street this week that he's still serious about buying e Bay. But he still didn't make clear how he can do it.
The video game retailer, which became the world's most famous meme stock in 2021, said Tuesday that its board granted a request from Cohen to withdraw a proposed bonus plan that could have paid him as much as $35 billion if he hit certain performance metrics.
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