1635 ET - GameStop has nearly doubled its cash and securities as CEO Ryan Cohen is talking about making a big acquisition. The company said in its fiscal fourth-quarter release that its cash, cash equivalents and marketable securities jumped to $9 billion at the end of the quarter, up from $4.8 billion the year before. Cohen told WSJ in January that he was interested in making a big acquisition to help boost GameStop's market value. His comments came shortly after the board altered his compensation package to give Cohen extra incentives if he increases GameStop's value and profitability. Profit and sales declined in the fourth quarter. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 16:36 ET (20:36 GMT)
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