CEO is brewing a "big move" acquisition, aiming to increase the market value of GameStop Corp. Class A (GME.US) to over $100 billion.

Ryan Cohen, CEO of American game retailer GameStop Corp. Class A (GME.US), stated that the company is considering a major acquisition, with the target possibly being a publicly traded company in the consumer or retail sector. In an interview published on Thursday, Conn's, Inc. said that the consumer and retail industries have always been an important focus of his career, and he hopes to build GameStop Corp. Class A, currently valued at around $11 billion, into a "giant company with a market value of over $100 billion." He emphasized that the future deal size will be "very big," and admitted that this decision will be either "genius or an utter folly." He revealed that they are evaluating a few companies, but did not disclose specific names, and plan to actively engage potential acquisition targets in the near future. Financially, GameStop Corp. Class A has around $9 billion in cash and liquid securities on its balance sheet, providing ample financial support for potential mergers. Conn's, Inc.'s statement has also drawn market attention. Prominent investor Michael Burry, a shareholder of GameStop Corp. Class A, publicly praised Conn's, Inc. for maintaining restraint in capital allocation and believes that potential acquisitions will be an important driver in enhancing shareholder value. As of the time of writing, the stock has risen by over 3.7%, closing at $23.66.