Story perspectives

Ryan Cohen Targets $10.5B Acquisition with GameStop's Cash

2/2/2026

Summary

Story summary

Ryan Cohen, CEO of GameStop, aims to acquire an undervalued, high-quality publicly traded company using GameStop's $8.8B cash reserve, with the firm’s market cap around $10.5B.
The plan draws comparisons to Warren Buffett, and investor Michael Burry supports Cohen's vision despite skepticism from investment bankers about feasibility.
Cohen's compensation could reach $35B if GameStop hits $100B value and $10B earnings, though the strategy's success remains uncertain.

History

Historical Context

In 1965, Warren Buffett took control of Berkshire Hathaway, transitioning it from a struggling textile manufacturer into a diversified holding company focused on undervalued assets. By 2021, its market capitalization soared to over $600 billion, reflecting Buffett's strategic investment approach. Ryan Cohen's current strategy with GameStop's $8.8 billion cash reserve echoes Buffett's methods, potentially reshaping the company's future.

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Story summary

Ryan Cohen, CEO of GameStop, aims to acquire an undervalued, high-quality publicly traded company using GameStop's $8.8B cash reserve, with the firm’s market cap around $10.5B.
The plan draws comparisons to Warren Buffett, and investor Michael Burry supports Cohen's vision despite skepticism from investment bankers about feasibility.
Cohen's compensation could reach $35B if GameStop hits $100B value and $10B earnings, though the strategy's success remains uncertain.

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