Overview
- Cohen told the Wall Street Journal he is pursuing a large acquisition of a publicly traded target in the consumer or retail sector, calling the potential outcome “genius or totally, totally foolish.”
- GameStop has roughly $8–9 billion in cash and liquid securities available for M&A, and it recently moved crypto holdings to Coinbase Prime, a shift commentators say could add flexibility for financing.
- The board-approved compensation plan ties Cohen’s payout to market-value and cumulative EBITDA milestones, with the top award requiring a $100 billion market cap, pending shareholder approval.
- Cohen increased his personal stake with a purchase of about 1 million shares this month, while GME rose roughly 3% following his comments.
- Analysts and columnists have speculated about possible targets such as Marathon Digital or Discord, but GameStop has not identified a specific company.