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GameStop CEO Ryan Cohen said on 2026-05-05 that the deal is 'half cash, half…
Brief
GameStop CEO Ryan Cohen on May 5, 2026 explained the proposed 'half cash, half stock' deal: a bank letter secures $20 billion of financing and the company has roughly $9 billion of cash, enabling an offer that would return about $28 billion to existing shareholders (a 40% premium vs. when Cohen began buying) while rolling remaining equity into the combined GameStop–eBay company, with final amounts depending on closing timing.
Why it matters
GameStop CEO Ryan Cohen said on 2026-05-05 that the deal is 'half cash, half stock' and that they have the cash accounted for today via a 'highly confident' bank letter for $20 billion plus roughly $9 billion of cash.
Key details
- Cohen proposed returning about $28 billion to existing shareholders to let them take half their investment off the table — which he said represents a 40% premium from when he began buying the stock.
- The remainder of shareholders' positions would be rolled into the combined GameStop–eBay company, with the exact cash/stock split depending on when the transaction closes.