GameStop CEO Ryan Cohen stated that he has secured financing to acquire eBay. This announcement came just one day after he repeatedly indicated that the video game retailer would purchase the e-commerce firm for $56 billion using a combination of half cash and half stock.

Cohen's widely publicized remarks raised questions about how GameStop, valued at approximately $11 billion, could afford to buy a significantly larger company. In an interview on Tuesday, Cohen clarified that any funding shortfall would be addressed by converting stock into equity of the merged GameStop-eBay entity.

"The remaining portion will be covered by shareholders converting their equity into shares of the combined company," he said.

Whether this new explanation will persuade eBay shareholders remains uncertain. Cohen noted that it is currently difficult to gauge shareholder sentiment regarding his proposal but acknowledged that eBay's board has taken issue with his criticism of director compensation. "eBay is unhappy with me," he stated.

He further added that, should the acquisition proposal be approved, he would reduce eBay's marketing expenditures and workforce.

"I could run that company from my home," Cohen remarked. "This is eBay—it looks the same as it did in 1995. It doesn't need 11,500 employees."