"Cohen told The Wall Street Journal on Sunday he is offering 20% above eBay's current share price of $125 to buy the online retailer, in hopes of creating an online commerce giant he believes can rival Amazon."
"Cohen replied, It's on our website. It's half cash, half stock, but the details are on our website."
"Ross Sorkin asked for more clarification, Can you help? I've read them, but can you help our audience understand them?"
"Cohen shot back, Yeah, we'll see what happens. Ross Sorkin gathered his thoughts and added, Um, I hear you. I understand that."
Ryan Cohen has launched a surprise bid to acquire eBay for $56 billion, offering 20% above its current share price. Cohen aims to create a significant online commerce competitor to Amazon. CNBC anchor Andrew Ross Sorkin questioned the financing, noting GameStop's market cap is much lower than the bid amount. Cohen stated the financing would be half cash and half stock, with details available on their website. Despite having a financing letter from TD, questions remain about the total funding needed for the acquisition.
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