US video game retailer GameStop is making a takeover bid to buy eBay for about $56 billion

US video game retailer GameStop is making a takeover bid to buy eBay for about $56 billion

 JUSTIN SULLIVAN

US video game retailer GameStop made a takeover bid on Sunday to buy eBay for about $55.5 billion in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon.

Gamestop is offering $125 per share in a combination of stock and cash, a 46 percent premium over the average stock price since it began acquiring shares in eBay on February 4, it said in a release.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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