GameStop has announced a takeover offer for eBay, valued at 56 billion dollars

GameStop, the video game retailer, has made a takeover offer for the eBay platform, valued at approximately 56 billion dollars, according to CEO Ryan Cohen. The non-binding offer of 125 dollars per share represents a premium of 20% over the eBay stock price at market close.

Cohen intends to use eBay to build a strong competitor to Amazon and has secured a commitment for a 20 billion dollar credit for this transaction. He is also seeking support from investors, including sovereign funds from the Middle East.

eBay, which focuses on profitable categories, has a market capitalization of 546 billion dollars, nearly four times larger than GameStop's 12 billion dollars. This ambitious offer comes after a 32.1% increase in GameStop shares and a 19.5% increase in eBay shares this year.