By Aditya Soni May 4 (Reuters) - GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay drew skepticism from investors and analysts on Monday, with shares in the online retailer trading much below the offer price.

Shares of GameStop (NYSE:GME) are sliding in early Monday trading, indicated to open down roughly 6% at around $25. The pullback follows Friday’s rally, when the stock closed at $26.53, up 6% on the session.

GameStop CEO Ryan Cohen seems to think so and he just put $55.5 billion behind the idea. “It could be a legit competitor to Amazon,” Ryan Cohen said about eBay in an interview with the Wall Street Journal.

GameStop swung lower in Monday trading after CEO Ryan Cohen confirmed on CNBC that the company made a non-binding bid for eBay in a deal that would be funded 50% in cas

In a move that has caught both Wall Street and the tech world off guard with a layer of pure shock and surprise, GameStop has made an unsolicited proposal. They have proposed to acquire the celebrated e-commerce giant,