<div id="readability-page-1"><div> <h2>Key Points</h2><ul><li>Best Buy offers financial stability and physical goods that are AI-proof. </li><li>Sirius XM is a free cash flow beast, and GameStop can inspire younger listeners to sign up.</li><li>eBay is the largest of the three companies, but one with improving fundamentals, scalability, and a recipe for improvement under GameStop.</li><li>10 stocks we like better than GameStop ›</li></ul>GameStop (NYSE: GME) is playing to win. After four fiscal years of declining revenue growth, the video game retailer knows it needs to start thinking outside the small box if it wants to thrive, or even survive.CEO Ryan Cohen announced on CNBC in late January that GameStop was working on a major acquisition of a larger consumer company. He said it would be transformational for not just his own company, but also for capital markets in general. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. Continue »Armed with more than $9 billion in cash at the end of January, investors began plotting the potential purchase. Despite also packing more than $4 billion in long-term debt, GameStop would still be able to buy a larger company through additional leverage or by including more stock than cash in a potential deal.<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MzYxOC9nZXR0eWltYWdlcy01MzcyNDY2NTkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MzYxOC9nZXR0eWltYWdlcy01MzcyNDY2NTkuanBnJnc9NzAw"/>Image source: Getty Images. <h2>Continue?</h2>Expectations of a narrative-altering adding were high heading into GameStop's fiscal fourth-quarter report two weeks ago. It would be the perfect time to spill the beans on this deal that had been in the works for months, but GameStop didn't address Cohen's earlier comments. There was noearnings callfor analysts to dig deeper into the CEO's January hype.Sometimes, transformational deals transform into something else, but a possible pairing isn't out of the question until Cohen says so. GameStop needs a reset, and I've seen a lot of wishful thinking and outrageous forecasts for the widely followed video game stock. Let's close with three potential publicly traded companies that I think could be doable with GameStop in its current state. They all seem unlikely, but they still bear watching.Best Buy (NYSE: BBY): With an enterprise value of $15.7 billion, Best Buy is certainly larger than GameStop. It's also been consistently profitable over the years. GameStop, on the other hand, posted three years of small profits after years of losses. It also posted an operating profit in fiscal 2025 after six years of deficits. But the only reason those operating losses turned into positive net income in the last two red-inked years was the interest income it generated from its substantial cash. That safety net will probably be gone in a deal.Best Buy would still be a good catch. Unlike the video game industry, which shifted to digital distribution -- a knockout blow for GameStop's business -- folks still need physical appliances, smartphones, and electronics.Sirius XM (NASDAQ: SIRI): Satellite radio is on a slow fadeout, but the last three years of top-line declines have been modest compared with GameStop's slide. Sirius XM is also highly profitable, consistently generating more than $1 billion in free cash flow annually. One thing holding Sirius XM back is its appeal to younger listeners. GameStop, with its meme stock fervor, could make the premium radio platform cool again. Its enterprise value is $17.9 billion, but think about what GameStop could do with the free cash flow to fund digital or crypto initiatives.eBay (NASDAQ: EBAY): This is the one that makes the most sense, as I'm not sure that Best Buy or Sirius XM would result in a favorable jump for GameStop stock. The online marketplace operator is a shell of what it used to be. It has unloaded many of its non-core businesses. However, unlike any other company here, including GameStop, revenue has increased in each of the last three years. The $46.4 billion enterprise value will make this deal difficult to wrap up for many reasons, but it's a scalable business that can get going with the right meme stock nudge.<h2>Should you buy stock in GameStop right now?</h2> Before you buy stock in GameStop, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and GameStop wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $532,066!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,087,496!* Now, it’s worth noting Stock Advisor’s total average return is 926% — a market-crushing outperformance compared to 185% for the S&amp;P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of April 6, 2026. Rick Munarriz has positions in Sirius XM. The Motley Fool has positions in and recommends Best Buy and eBay. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. </div></div>

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GameStop is exploring a major acquisition to revitalize its business after years of declining revenue. CEO Ryan Cohen hinted at a transformational deal that could impact capital markets. With over $9 billion in cash, GameStop is considering leveraging its resources despite significant debt. Potential targets include Best Buy, Sirius XM, and eBay, each presenting unique challenges and opportunities for growth. However, the company did not provide updates during its recent fiscal report, leaving investors speculating about the future direction of the acquisition.

- GameStop is strategizing a significant acquisition to reverse its declining revenue trend and has over $9 billion in cash available.  
- Potential targets include Best Buy, which has a profitable history and offers physical goods, and eBay, which has shown revenue growth despite challenges.  
- However, analysts suggest there are better investment options than GameStop, highlighting the potential of the identified top 10 stocks for higher returns.

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GameStop Is Reportedly Considering an Acquisition That Could be "Transformational" for the Business. Here's What We Know.