GameStop climbs on Cohen’s tease of a mega‑deal

1 min read
Source: Sherwood News
GameStop climbs on Cohen’s tease of a mega‑deal
Photo: Sherwood News
TL;DR Summary

GameStop shares rose in premarket trading after CEO Ryan Cohen’s media blitz suggesting a major acquisition, with CNBC/WSJ reports that he’s aiming to buy a much larger company and could push GameStop’s value toward hundreds of billions. Cohen’s pay is tied to hitting a $20 billion market cap and $2 billion in cumulative EBITDA from Q1 2026 onward, thresholds last exceeded during the 2021 meme surge. A Fox Business interview was canceled as Cohen works on a “monumental” plan, and investors are weighing potential targets touted by Michael Burry.

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