May 16, 2018 / 12:30 PM / 4 months ago

Hedge fund asks GameStop to conduct strategic review - CNBC

May 16 (Reuters) - Hedge fund Tiger Management is urging GameStop Corp to conduct a strategic review in the wake of management changes at the videogame retailer, CNBC reported here on Wednesday, citing a letter sent to the company's board.

Tiger Management owned 25,000 shares of GameStop as of March 31, according to a filing on Tuesday with the U.S. Securities and Exchange Commission.

Neither GameStop nor Tiger Management immediately responded to Reuters' requests for comment.

GameStop shares rose 11.7 percent to $15.09 in premarket trading. (Reporting by Arjun Panchadar in Bengaluru; Editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below