James Fontanella-Khan

Well, it's a $56 billion deal, a very unsolicited $56 billion deal.

If you believe what Cohen says, he sees the opportunity to create a rival to Amazon, the e-commerce giant.

He sees the combination of GameStop's kind of retail business with eBay's e-commerce business as one that is highly complementary.

And he thinks he can turn it into a $100 billion company.

I mean, that was some great TV.

And he's instantly become a meme on social media.

So the math does add up.

The way he'd do it is...

half cash, as he says quite clearly.

And the cash portion is fairly straightforward.

He's got about $9 billion on GameStop's balance sheet, which is kind of insane for a company of that size.

And then he's taking on another $20 billion from TD Bank.

So that's the cash portion, easy.

And then, as you mentioned earlier, GameStop is worth about $11 billion in equity.

So you'd be still missing about $15 to $16 billion.

He plans to do that by issuing new stock.

And so that is really something that will depend on the appetite of investors of taking that new issuance.

So that's where a lot of question marks are coming in.

The maths can add up.

It's a question of whether he will manage to do so or not.