Watch CNBC's full interview with GameStop CEO Ryan Cohen

Summary

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.