GameStop has offered to acquire eBay for around $55 billion in cash and stock, a 20% premium to where the company's stock closed. The news was initially announced on Friday, but it became more confusing when GameStop CEO Ryan Cohen refused to explain the deal. The company holds around a 5% stake in eBay and has received a "highly confident" letter from TD Securities to lend up to $20 billion. The acquisition could help integrate GameStop's stores with eBay's online operations to scale the company.