GameStop's $56B bid for eBay prompts funding questions and stock swings

GameStop unveiled a $56 billion cash-and-stock bid to acquire eBay, backed by a reported $20 billion debt financing letter from TD Bank and a 20% premium, but CEO Ryan Cohen dodged how the deal would be funded, saying 'the details are on our website' as investors pushed the stock lower while eBay rose on the proposal; GameStop already holds a ~5% stake in eBay and argues leverage and efficiency would drive value, though no talks with eBay have occurred and a hostile takeover remains a possibility.