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Stock impact report

GameStop's Ryan Cohen eyes 'very big' consumer megadeal that could increase company's value tenfold [MSNBC.com]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: MSNBC.com
GameStopvideo game retailer"It's gonna be really big. Really big. Very, very, very big," Cohen said of the size of the acquisition. "It's 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."Cohen declined to name the company's targets – saying only he's seeking a publicly traded consumer company that's undervalued, "high quality, durable, scalable with growth prospects" and has a "sleepy management team" behind the wheel. He claimed if the investment pans out, it has the "potential to make [GameStop] worth several hundreds of billions of dollars.""If it works, it's genius. If it doesn't work, then, you know, it will be totally, totally foolish," Cohen, the co-founder and former CEO of Chewy, acknowledged. "But I believe we have the components to make it work, and I'm very confident in the ability to make the asset much, much, much more efficient … we've Show less Read more
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