Lates News

According to The Wall Street Journal, the CEO of GameStop (GME.N) stated in an interview that he hopes to develop the company, valued at $11 billion, into a giant enterprise worth over $100 billion. This larger company will not only be in the business of selling video games and collectibles. To achieve this goal, he is considering a large-scale acquisition of a publicly traded company, which is likely to be in the consumer or retail industry, as these are the main areas he has been involved in throughout his career. He has targeted several companies but refused to disclose specific names and plans to quickly reach out to these potential target companies. The CEO stated that any such deal would be "significant". "In the end, it will either be a stroke of genius or extremely foolish."