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EBay to buy GSI for US$1.96b cash

NEW YORK, March 28 – EBay Inc plans to buy e-commerce company GSI Commerce for US$1.96 billion (RM5.93 billion) in cash in a bid to draw more buyers and sellers to its online marketplaces and win more business from large store chains. EBay said today it offered GSI shareholders US$29.25 per share, a 50.9 per cent premium over its closing price on …

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