Top GameStop Investor Wants to Turn Retailer Into Amazon Rival

(Bloomberg) — Ryan Cohen, the entrepreneur who built Chewy.com into a pet-supply giant and sold it for more than $3 billion, is now pitching GameStop Corp. on a lofty goal: becoming a true competitor to Amazon.com Inc., according to a person familiar with the matter.After acquiring a nearly 10% stake in GameStop — making him the video-game retailer’s biggest individual investor — Cohen disclosed on Monday that he is holding talks with management and several board members. Cohen’s firm, RC Ventures, has expressed willingness to get more involved with the company in order “to produce the best results for all …read more

Source:: Yahoo Finance

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