NEW YORK, May 4 -- US video game retailer GameStop made a takeover bid yesterday to buy eBay for about US$55.5 billion (RM220 billion) in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon.

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

"EBay should be worth - and will be worth - a lot more money," GameStop CEO Ryan Cohen said in an interview with the Wall Street Journal published yesterday.

"I'm thinking about turning eBay into something worth hundreds of billions of dollars," he said.

"It could be a legit competitor to Amazon."

GameStop confirm...