"When asked how math for the deal would actually pan out, Cohen answered, "It's on our website. Half cash, half stock, but the details are on our website." But between GameStop's market cap, $9 billion cash reserves and the $20 billion financing confidence letter the company received from TD Securities, that still leaves Cohen short around $16 billion. "We'll see what happens," Cohen responded when asked how GameStop would close that gap."
""That's a pretty straightforward question," CNBC co-anchor Becky Quick chimed in. "I don't get it. Where's the rest of the money coming from?" "I don't understand your question," Cohen said. "We're offering half cash, half stock. 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.""
"Then, yesterday, Cohen posted on X that he was "selling stuff on eBay to pay for eBay." Shortly after, Cohen said that his eBay account was suspended. His account is still live with all listings, which includes baseball trading cards, a $9,000 first generation Apple iPhone and other collectibles. Each listing includes a signed copy of Cohen's proposal letter to eBay."
""eBay has the second largest e-commerce franchise, and there's a big opportunity to do something much larger and pull costs out of the system, as well as accelerate revenue growth," Cohen had"
GameStop announced an offer to buy eBay for nearly $56 billion. The proposed structure is described as half cash and half stock, with further details claimed to be available on the company website. Questions remain about how the deal would be financed given market values and available cash. GameStop cited financing confidence from TD Securities, but the gap between required funding and available resources was still questioned. In response to the deal, Ryan Cohen posted on X about selling items on eBay to pay for the acquisition, and his eBay account was reported as suspended while listings remained visible. The listings include collectibles and include signed copies of his proposal letter to eBay.
Read at Fast Company
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