GameStop makes $56bn eBay bid

In a move that has stunned financial markets, GameStop is attempting to acquire a company significantly larger than itself.

The proposed deal, which involves a mix of cash and stock, has met with skepticism from analysts who question the retailer's ability to finance such a massive transaction.

GameStop's shares fell by over 10% following the announcement as investors weighed the risks of the ambitious expansion.

If successful, the merger would combine eBay's vast online marketplace with GameStop's retail footprint to challenge the dominance of major e-commerce players.