GameStop taps Amazon exec as CEO, says may sell shares

Published by
Reuters

By Svea Herbst-Bayliss, Noel Randewich and Eva Mathews (Reuters) -GameStop on Wednesday named a former head of Amazon’s Australian business as its chief executive and said it could sell new shares, the latest in a bid to transform the struggling videogame retailer whose stock has surged this year. In a quarterly report that was stronger than analysts forecast, GameStop said it may sell up to 5 million new shares, which would be worth $1.4 billion based on its share price in after-hours trading. The stock fell 9%. Matt Furlong, a nine-year Amazon veteran, will succeed George Sherman as chief ex…

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