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GameStop CEO Ryan Cohen Targets $100 Billion Valuation With 'Big' Acquisition Plan: 'Genius Or...Totally Foolish'
Yahoo Finance· 2026-01-31 13:31
Core Viewpoint - GameStop Corp. aims to transform from an $11 billion company into a $100 billion-plus business, expanding beyond video games and collectibles [1]. Group 1: Acquisition Strategy - CEO Ryan Cohen is considering a significant acquisition of a publicly traded company, likely in the consumer or retail sector [2]. - The potential acquisition targets are described as "big," with Cohen acknowledging the high stakes involved, which could either be "genius or totally, totally foolish" [3]. Group 2: Investor Insights - Renowned investor Michael Burry has recently disclosed a stake in GameStop, suggesting that the company should follow Warren Buffett's strategy by using its cash reserves for significant acquisitions [4]. - Burry believes that if Cohen invests $10 billion or more in a strong business, such as an insurer, the stock could rise [5].