NEW: GameStop CEO Ryan Cohen discusses GameStop’s half cash, half stock plan to acquire eBay

"We have the cash accounted for today, in terms of a highly confident letter from our bank for the $20 billion. Plus we've got $9 billion of cash."

"What we're proposing is for existing shareholders to take half of their investment off the table. That would be us providing them with $28 billion, which is a 40% premium from when we started buying the stock."

"And then they would be getting roughly…it ultimately depends on when the transaction closes… but they would be rolling the rest into the combined company of GameStop and eBay."