Watch CNBC's full interview with GameStop CEO Ryan Cohen

Ryan Cohen discusses GameStop's $56 billion offer to acquire eBay, explaining the rationale of combining the two companies to rival Amazon, leveraging GameStop's infrastructure and cost-cutting. He defends the financing structure and addresses skepticism about the math and shareholder dilution. - GameStop CEO Ryan Cohen announces offer to buy eBay for $56 billion. - He argues eBay can double earnings by cutting costs and improving efficiency. - The deal would be half cash, half stock, with financing from TD bank. - Cohen holds a 5% stake in eBay mostly via derivatives. - Hosts question the math and potential dilution. - Cohen insists his compensation is aligned with shareholders. - He suggests eBay's board has a fiduciary duty to evaluate the offer. - The combined company would aim to compete with Amazon.