It Gets Awkward When CNBC Host Presses CEO About Company’s Attempted Acquisition Of Online Giant
GameStop CEO Ryan Cohen faced tough questioning on CNBC regarding his company's $55.5 billion bid to acquire eBay, a deal that appears financially unfeasible given GameStop's $11.31 billion market cap. Cohen struggled to explain how the acquisition would be funded, deflecting repeated questions from host Andrew Ross Sorkin. eBay has yet to respond to the unsolicited offer and says it will review the proposal carefully.
- ▪GameStop offered $55.5 billion to acquire eBay, proposing $125 per share in cash and stock.
- ▪CNBC’s Andrew Ross Sorkin questioned how GameStop could afford the deal given its $11.31 billion market capitalization and $9 billion in cash.
- ▪TD Securities provided a 'highly confident' letter for $20 billion in financing, but it is not locked-in committed funding.
- ▪GameStop’s CEO Ryan Cohen did not provide a clear answer on the funding gap during the CNBC interview.
- ▪eBay is valued at approximately $49 billion and has said it will carefully review GameStop’s unsolicited proposal.
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Media It Gets Awkward When CNBC Host Presses CEO About Company’s Attempted Acquisition Of Online Giant [Screenshot/CNBC] Nicole Silverio Media Reporter May 04, 2026 12:05 PM ET May 04, 2026 12:05 PM ET Nicole Silverio Media Reporter Font Size: const observer = new MutationObserver((mutations) => { const adDivToHide = document.querySelector("#dailycaller_incontent_1"); if (adDivToHide && dc_noads_page) { adDivToHide.classList.add("hide-premium", "hide-free"); observer.disconnect(); console.log("Ad div found and hidden"); } }); observer.observe(document.body, { childList: true, subtree: true }); An interview on CNBC turned awkward Monday when GameStop CEO Ryan Cohen could not answer a basic question about his company’s attempted acquisition of eBay.
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