Connect with us

Hi, what are you looking for?

News

GameStop Investors Asking For Board Refresh

According to a letter obtained by the Wall Street Journal, Permit Capital Enterprise Fund and Hestia Capital Partners are asking for a refresh on the company’s board and increase stock buybacks to return more value to shareholders.

The investors wrote:

“Surveying the last five years, we struggle to identify any significant steps the company has taken—besides the introduction of collectibles—to adapt to disruptive dynamics in its core business.”

The investors also said that the company’s inability to find a buyer is “a failure.” Both Permit Capital Enterprise Fund and Hestia Capital Partners collectively own 1.3% of GameStop and have until March 28 to nominate new directors to GameStop’s board.

Comments

You May Also Like

News

Keen Software House have released update 1.181 for their popular space game Space Engineers. This new update fixes major multithreading issues and performance optimizations....

3DS

The latest issue of Famitsu has revealed that Big John Games is developing a new game in their Cube Creator series titled Cube Creator...

News

In what is one of the holy grails for NES collectors, a Nintendo M8 demo unit has been put up for sale on eBay....

News

The latest issue of V-Jump has confirmed the first two DLC characters for Dragon Ball FighterZ will be Broly and Bardock. Broly will feature...

Advertisement