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March 28, 2011 06:12 pm GMT
eBay has just announced that it has agreed to buy GSI Commerce, a provider of ecommerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion. The acquisition, which will be financed with cash and debt, is expected to close in Q3 2011.With more than 180 customers across 14 merchandise categories, GSI has long-term commerce services relationships with a wealth of retailers and brands. eBay says it expects GSI clients to benefit from eBay's Marketplaces and PayPal services, particularly.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jLFWHQtcuT8/
eBay Acquires GSI Commerce For $2.4 Billion In Cash And Debt
eBay has just announced that it has agreed to buy GSI Commerce, a provider of ecommerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion. The acquisition, which will be financed with cash and debt, is expected to close in Q3 2011.With more than 180 customers across 14 merchandise categories, GSI has long-term commerce services relationships with a wealth of retailers and brands. eBay says it expects GSI clients to benefit from eBay's Marketplaces and PayPal services, particularly.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jLFWHQtcuT8/
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