GameStop Rises Sharply on Disclosure of Talks With Activist Investor

The company's shares rose precipitously on news regarding one of its key shareholders. In a regulatory filing, RC Ventures, an activist investor that owns a stake of around 10% in the company, revealed that it had been in discussions with top GameStop management. The investment firm added, "During these conversations, the Reporting Persons [i.e., RC Ventures] expressed their willingness to become more involved in the Company under certain circumstances that the Reporting Persons believe are likely to produce the best results for all shareholders."