NYSE:GMESpecialty Retail
GameStop Weighs Major Acquisition As Leaner Retail Model Takes Shape
GameStop signaled a potential major shift in its business with plans for a very large acquisition, flagged by CEO Ryan Cohen.
The company is considering using its reported $9b cash and securities position to pursue this deal.
GameStop has also cut its U.S. store footprint by more than half and exited several international markets.
These moves point to a smaller physical retail presence and a different operating model for NYSE:GME.
At a share price of $22.1, NYSE:GME sits after a mixed...