A potential rebuff from GameStop's board of directors could set the stage for a dramatic showdown between the struggling video game retailer and its largest shareholder, Ryan Cohen. The billionaire investor, known for his activist approach, has been pushing for a more aggressive e-commerce strategy and a possible spin-off of the company's e-commerce division. If GameStop's board rejects Cohen's proposals, he may be forced to take a more drastic measure, launching a hostile bid to acquire the company and take control of its operations. The move would mark a significant escalation in the battle between Cohen and GameStop's management, with potentially far-reaching consequences for the company and its shareholders.
Rebuff could spur video game retailer’s chief Ryan Cohen to launch hostile bid for online marketplace
