NYSE:GMESpecialty Retail
GameStop Targets Larger Consumer Deal As Cohen Pursues Conglomerate Future
GameStop (NYSE:GME) has announced plans to acquire a much larger publicly traded consumer company as part of a pivot toward a diversified conglomerate model.
CEO Ryan Cohen is leading the effort, backed by a new performance-based pay plan and support from high-profile investors, including Michael Burry.
The company cites its liquidity position as a key resource for pursuing this transformational deal, which would significantly expand GameStop's scale and industry reach.
For investors, this...