Andrew Ross Sorkin

Through how you can get to that price and how it would work.

Can you help?

I've read them, but can you help our audience understand them?

Well, I think we can start with the idea that the market cap of GameStop is, call it, $11 billion.

You have $9 billion on your balance sheet.

Arguably, if you're providing effectively all of your stock

And then the cash that gets you to 20, you have this letter from TD.

That's another 20.

We're now at 40, but we're still off by, call it 16.

And the 20, as far as I understand, while it's considered a highly confident letter, meaning TD's saying they're highly confident that they would provide the financing, it's not locked financing.

Never doubt.

I hear you.

I understand that.

I'm just trying to understand where the rest of the money would come from.

It's half cash, half stock.

I hear you.

I'm just saying that that math doesn't get you to the price that you're offering.

Thanks so much Natalie.

Thanks for having us.

The Trump administration's tariff effort is probably the most significant shift in global trade in decades, and really is the most important sort of rethink about how the United States trades with other countries, how US corporations operate in other countries, how international companies operate in our countries.