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Stock impact report

GameStop (GME) Climbs 4.8% on Ambitious Billion-Dollar Acquisition [Yahoo! Finance]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
GameStop grew its share prices by 4.78 percent on Friday to close at $23.88 apiece as investors digested announcements that it is set to acquire a huge company that could support its transformation into a several-hundred-billion-dollar entity. “It's gonna be really big. Really big. Very, very, very big,” GameStop Corp. (NYSE:GME) CEO Ryan Cohen said in an interview with CNBC on the same day, adding that the plan could be genius or totally foolish. He did not divulge further details about the firm. Photo by Eren Li on Pexels Cohen added that the planned acquisition is going to be “transformational not just for Gamestop, but ultimately, within the capital markets.” “This is something that really has never been done before within the history of the capital markets.” he noted. GameStop Corp.'s (NYSE:GME) ambitions followed an equity incentive program for Cohen in January that will only pay out if it reaches a $100 billion in market capitalization and earnings before interest, t Show less Read more
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