Hedge fund asks GameStop to conduct strategic review: CNBC

(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 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)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• General Atlantic weighs return to IPO plans after 2023 filing, WSJ reports
• Lifetime Brands closes $60M term loan and extends $200M credit facility
• Infleqtion raises Q2 revenue to $13.5M after contract restatement