Who owns Gamestop?
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine and is the largest video game retailer worldwide. As of 29 January 2022, the company operates 4,573 stores including 3,018 in the United States, 231 in Canada, 417 in Australia, and 907 in Europe under the…
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine and is the largest video game retailer worldwide. As of 29 January 2022, the company operates 4,573 stores including 3,018 in the United States, 231 in Canada, 417 in Australia, and 907 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek, and Zing Pop Culture brands.
Who owns Gamestop?
GameStop traces its roots to Babbage’s, a Dallas, Texas-based software retailer founded in 1984 by former Harvard Business School classmates James McCurry and Gary M. Kusin. The company was named after Charles Babbage and opened its first store in Dallas’s North Park Center with the help of Ross Perot, an early investor in the company. The company quickly began to focus on video game sales for the then-dominant Atari 2600.
Presently, Gamestop (NYSE: GME) is owned by 25.74% institutional shareholders, 10.63% Gamestop insiders, and 63.63% retail investors, Ryan Cohen is the largest individual Gamestop shareholder, owning 9.10M shares representing 2.99% of the company. Ryan Cohen’s Gamestop shares are currently valued at $191.12M. Ryan Cohen is a Canadian entrepreneur and activist investor. He founded the e-commerce company Chewy in 2011 and was the company’s CEO until 2018. Cohen is currently the chairman of GameStop.
