‘I’m selling stuff on eBay to pay for eBay,’ GameStop CEO Ryan Cohen posts following combative interview

Game Stop announced on Sunday that it would offer to buy e Bay for nearly $56 billion. One day later, CNBC spoke to Game Stop CEO Ryan Cohen about the news, in an interview media outlets have called “bizarre,” “evasive,” “dizzying” and “awkward.” In what felt more like an SNL sketch than a CNBC interview, the billionaire CEO of Game Stop provided little context or further explanation as to how the company would afford and operate e Bay, which has a market capitalization of $46 billion compared to GameStop’s $11 billion. 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 said in the CNBC interview. “[Our] focus on collectibles can be a much larger business, but bringing in an entrepreneu