GameStop Acquisition Plan Signals Major Shift In Value Drivers And Risks
GameStop CEO Ryan Cohen has outlined plans for a very large acquisition of a publicly traded consumer company. The deal is described as potentially transformational for both GameStop and capital markets. Cohen indicated that GameStop may sell its Bitcoin holdings to help fund the transaction. The board has revised Cohen's compensation to align with ambitious growth targets tied to this plan. For investors following NYSE:GME, this update comes with the stock trading around $24.52 and a 30...