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GameStop announced on Sunday that it has made an unsolicited offer to acquire eBay for nearly $56 billion. One day later, CNBC spoke to GameStop CEO Ryan Cohen about the news, in an interview media outlets have called \u201cbizarre<\/a>,\u201d \u201cawkward<\/a>,\u201d “evasive” and \u201cdizzying<\/a>.”<\/p>\n In what felt more like an SNL<\/em> sketch than a CNBC interview, the billionaire CEO of GameStop provided little context or further explanation as to how the company would afford and operate eBay. Currently, eBay has a market capitalization of $46 billion, compared with GameStop\u2019s $11 billion.<\/p>\n When asked how the math for the deal would actually pan out, Cohen answered: \u201cIt\u2019s on our website. Half cash, half stock, but the details are on our website.\u201d\u00a0<\/p>\n But between GameStop\u2019s 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.<\/p>\n \u201cWe\u2019ll see what happens,\u201d Cohen responded when asked how GameStop would close that gap.<\/p>\n \u201cThat\u2019s a pretty straightforward question,\u201d CNBC coanchor Becky Quick chimed in. \u201cI don\u2019t get it. Where\u2019s the rest of the money coming from?\u201d<\/p>\n \u201cI don\u2019t understand your question,\u201d Cohen said. \u201cWe\u2019re 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.\u201d<\/p>\n Then, yesterday, Cohen posted on X<\/a> that he was \u201cselling stuff on eBay to pay for eBay.\u201d Shortly after, Cohen said that his eBay account was suspended<\/a>. His account is still live<\/a> with all listings, which include baseball trading cards, a $9,000 first generation Apple iPhone, and other collectibles. Each listing includes a signed copy of Cohen\u2019s proposal letter to eBay.<\/p>\n \u201cEBay 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,\u201d Cohen said in the CNBC interview. \u201c[Our] focus on collectibles can be a much larger business, but bringing in an entrepreneurial mindset is what I plan on doing.\u201d<\/p>\n GameStop has built a 5% stake in eBay. The e-commerce company posted a press release<\/a> to its website, confirming receipt of GameStop’s offer but declining to comment any further while the board \u201ccarefully and thoroughly\u201d considers the proposal.\u00a0<\/p>\n \u201cThere\u2019s an opportunity to make a much larger business, to make the business much more efficient, and to accelerate revenue growth,\u201d Cohen said during the interview.\u00a0<\/p>\n \u201cYou look at GameStop as an example,\u201d he added. \u201cGameStop [is a] very difficult business. [It] should\u2019ve been bankrupt multiple times over, and it\u2019s doing okay, it\u2019s making a few bucks. EBay is in a very, very strong position, but it could be in a much stronger position, and it could be a much larger business than what it currently is.\u201d<\/p>\n In a separate interview with The Wall Street Journal, <\/em>Cohen said that GameStop\u2019s takeover of eBay \u201ccould be a legit competitor to Amazon.\u201d Amazon\u2019s revenue totaled close to $717 billion, compared with GameStop\u2019s total revenue of $3.6 billion last year.<\/p>\n Cohen eventually said \u201cthere\u2019s a lot of fat to cut\u201d at eBay, alluding to the company\u2019s $2.4 billion spend on sales and marketing last year. He added that if he was \u201crunning the business, it would make a lot more money.\u201d<\/p>\n Following the CNBC interview, GameStop stock dipped more than 10%. Investor Michael Burry, who was portrayed by Christian Bale in the 2015 film The Big Short,<\/em> said he sold<\/a> his entire GameStop stake.\u00a0<\/p>\n