Name: GameStop CEO Struggles to Explain Financing for $56 Billion eBay Bid
Uploaded: 2026-05-04T15:15:00Z
Duration: 2 min 18 s
Description: In a CNBC interview, Ryan Cohen was asked how GameStop would finance its unsolicited offer to purchase eBay, a much bigger company.

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In a CNBC interview, Ryan Cohen was asked how GameStop would finance its unsolicited offer to purchase eBay, a much bigger company. Photo: Michael M. Santiago/Getty Images

https://m.wsj.net/video/20260504/e995e0a1-2b10-40c3-a52a-84a08d128962/2/hls/manifest-hd-wifi.m3u8

In a CNBC interview, Ryan Cohen was asked how GameStop would finance its unsolicited offer to purchase eBay, a much bigger company.

GameStop CEO Struggles to Explain Financing for $56 Billion eBay Bid

It's on our website. It's half cash, half stock, but the details are on our website.

Can you help? I've read them, but can you help our audience understand them?

Yeah, which part exactly?

Well, I think we can start with the idea that the market cap of GameStop is, call it $11 billion. You have $9 billion on your balance sheet. Arguably, if you're providing effectively all of your stock and then the cash that gets you to 20, you have this letter from TD, that's another 20. We're now at 40, but we're still off by, call it 16. And the 20, as far as I understand, while it's considered a highly confident letter, meaning TD's saying they're highly confident that they would provide the financing, it's not locked financing.

Yeah, we'll see what happens.

Um. I hear you, I understand that. I'm just trying to understand where the rest of the money would come from.

It's half cash, half stock.

I hear you, I'm just saying that, that math doesn't get you to the price that you're offering.

So.

Ryan, that's a pretty straightforward question. I don't get it. Like, where's the rest of the money coming from? Andrew laid it out pretty clearly.

I don't understand your question. We're offering half cash, half stock, and we have the ability to issue stock in order to get the deal done. But the full details of the offer are on our website.

But you're on our air. We thought we'd get.

So, but I don't understand your question.