GameStop has made an unsolicited takeover offer for eBay valued at approximately $56 billion, according to multiple reports. The proposal represents one of the largest acquisition attempts by the video game retailer.

GameStop CEO Ryan Cohen announced the offer, stating his company sees potential to transform eBay into a stronger competitor against Amazon. Cohen indicated that GameStop has built approximately a 5% stake in the online marketplace company.

The proposed deal structure includes $125 per share in a combination of cash and GameStop stock. The offer price represents a significant premium to eBay's current market valuation.

Cohen expressed confidence that GameStop could leverage eBay's platform and user base to create a more formidable e-commerce presence. The gaming retailer has been working to expand beyond its traditional brick-and-mortar operations into digital commerce.

eBay has not yet publicly responded to the takeover proposal. The online marketplace company operates as one of the world's largest platforms for consumer-to-consumer and business-to-consumer sales.

GameStop's stock price and market capitalization have experienced significant volatility in recent years, partly due to retail investor interest and social media-driven trading activity.