May 16, 2018 / 12:40 PM / a year ago

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

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