GameStop signs deal with investor, refreshes board to focus on e-commerce

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(Reuters) – GameStop Corp signed an agreement with investor Ryan Cohen’s RC Ventures LLC on Monday, appointing the Chewy.com founder and two other e-commerce veterans to its board as the ailing videogame retailer doubles down on digital sales.
Shares of GameStop, in which RC Ventures holds a 13% stake, were up 8% in premarket trading.
RC Ventures in November urged the world’s largest videogame retailer, hit by growing digital downloads of console games and intense competition, to conduct a strategic review of its business and focus on digital sales.
Alan Attal and Jim Grube will be the other directors on GameStop’s board, the company said.

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