Gamestop CEO Ditches $35B Bonus to Pursue Ebay Acquisition

WHO:

Inc - GameStop CEO Ryan Cohen

Fast Company - eBay's board

WHAT:

Inc - GameStop's CEO Ryan Cohen rejected a potential performance award of $35 billion.

Fast Company - GameStop made an unsolicited offer to buy eBay for nearly $56 billion, which was rejected by eBay's board.

Fast Company - GameStop's market cap declined to $9.6 billion, while eBay's market cap is nearly $49 billion.

Fast Company - GameStop reported a 14% rise in quarterly revenue, with net sales of $835 million compared to $732 million in the previous year.

WHERE:

Fast Company - GameStop is based in the United States, and eBay is also a U.S.-based company.

WHEN:

Fast Company - The unsolicited offer to buy eBay was made in May.

Fast Company - GameStop plans to release additional materials regarding its proposed acquisition of eBay this week.

WHY:

Fast Company - Cohen stated he wants leadership fully focused on GameStop's operating performance and its proposed eBay acquisition.

HOW:

Fast Company - Cohen is selling items on eBay, including trading cards and a $9,000 first-generation Apple iPhone, to fund the acquisition.

(UPDATED June 24, 2026 23:24 UTC)

GameStop's CEO Ryan Cohen has turned down a potential performance award of $35 billion as the company made an unsolicited offer to acquire eBay for nearly $56 billion, which was rejected by eBay's board. Despite a recent 14% rise in quarterly revenue, bringing net sales to $835 million, GameStop's market cap has fallen to $9.6 billion, while eBay's stands at nearly $49 billion. Cohen is selling items on eBay, including trading cards and a $9,000 first-generation Apple iPhone, to help finance the acquisition, and GameStop plans to release additional materials regarding this proposal later this week.