GameStop CEO Ryan Cohen Proposes $56B eBay Acquisition

In a surprising turn of events, GameStop CEO Ryan Cohen announced his company's intention to acquire eBay for $56 billion, aiming to create a formidable competitor to Amazon. Cohen, who joined CNBC for an exclusive interview, revealed that the offer consists of half cash and half stock, with TD providing a $20 billion financing letter. However, the math behind the offer remains unclear, as Cohen struggled to explain how the deal would be fully funded. Cohen expressed confidence in his vision for the combined company, stating that eBay, despite its recent struggles, could be transformed into a much larger and stronger business under his leadership. He acknowledged GameStop's own challenges but expressed optimism about the potential of the two companies together.