Activist Investor Ups Stake in GameStop to 13%

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GameStop‘s (NYSE: GME) activist investor, Ryan Cohen, founder of online pet supplies leader Chewy, upped his stake in the video game retailer to almost 13%, according to an SEC filing last week. But Cohen says he’s not going to be making any waves — at least not yet.

Cohen’s RC Ventures first revealed back in September that he was looking to shake things up at GameStop by positioning the retailer as an online leader, entering into e-commerce beyond just video games. 

Image source: Getty Images.

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