GameStop CEO Cohen Withdraws $35 Billion Bonus Plan, Reaffirms eBay Takeover Bid

According to CNBC, Ryan Cohen withdrew a proposed $35 billion bonus plan this week, reaffirming GameStop's pursuit of a $56 billion eBay acquisition despite the e-commerce company's board rejection in May. The video game retailer said Cohen wanted leadership fully focused on operating performance and the proposed eBay deal. By nixing the bonus, which had been tied to reaching a $100 billion market cap, Cohen removed concerns that he was pursuing the acquisition primarily to secure personal compensation. However, analysts noted the company has yet to address key questions about financing the deal and how a $10 billion company can acquire a $50 billion company.
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