The American retail chain specializing in video games, GameStop, announced this week a new offer of $55.5 billion for the purchase of the e-commerce auction website, eBay.

According to details of the proposed acquisition, the company led by Ryan Cohen would be offering $125 per eBay share in cash. TD Bank approval for $20,000 million dollar financing. “It will be half cash, half stock, but the details are on our website,” Cohen told CNBC.

For its part, following the announcement of the new offer, which has been rated as hostile, eBay stated that it will review and carefully consider the unsolicited offer to determine the course of action that “I consider that it is in the best interest of the company and all eBay shareholders; however, by the close of trading this Monday, its shares had already skyrocketed by 5% to $109. 

GameStop already has a 5% share in eBay, and according to Cohen, with this offer the e-commerce platform “should be worth a lot more money” “I'm thinking about turning eBay into something worth hundreds of billions of dollars,” he declared, while saying that it will become a major competitor to Amazon.

Additionally, Cohen added that, in a combined company vision, in the future “there will be some leverage on the balance sheet for the acquisition.” ition is possible, but it will generate much more revenue than currently because it will work in a much more-efficient manner,” he assured.

Currently, GameStop, founded in 1984 in Grapevine, Texas, in its 40 years has a market capitalization of approximately $12 thousand thousand lons of dollars, while eBay, founded in 1995 and currently led by Devin Wenig, is valued at about $49 billion dollars.