Video game retailer GameStop has submitted a $56 billion bid to acquire eBay, aiming to create a new e-commerce entity that can rival Amazon. This move would see GameStop taking control of a company significantly larger than itself in market capitalization.

Video game retail company and meme stock champion GameStop has made an offer to take over bidding website eBay for $56 billion. If successful, GameStop would take control of a company four times larger in market capitalisation, with CEO Ryan Cohen saying the new entity could rival e-commerce platforms like Amazon. Also in this edition: we take a look back at the collapse of US low-cost carrier Spirit Airlines over the weekend.