Gamestop looks to take over eBay in $56 billion deal and become a major competitor with Amazon

National gaming retailer GameStop is looking to acquire eBay in a $56 billion deal, and its roughly 1,600 stores in the U.S. would allow it to become a competitor with Amazon. 

GameStop locations would potentially become drop-off and shipping locations if the acquisition went through, and the stores would broadcast live sales of eBay products, according to the Associated Press. 

eBay confirmed the bid on Monday, but said there had been no previous discussions with GameStop before it received the proposal. The board of eBay is reviewing the offer, with input from its financial and legal advisors, to determine next steps. 

GameStop has been buying shares of eBay since February and currently has a 5% stake in the company.