Top GameStop investor wants to turn retailer into Amazon rival

Amazon has a market valuation of almost US$1.5 trillion (RM6.2 trillion), compared with US$570mil (RM2.36bil) for GameStop. — AFP Relaxnews

Ryan Cohen, the entrepreneur who built Chewy.com into a pet-supply giant and sold it for more than US$3bil (RM12.4bil), is now pitching GameStop Corp on the idea of 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 Sept 21 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 shareholders”, according to a filing.