EBay to buy GSI Commerce as it competes with Amazon

EBay has agreed to pay $2.4 billion for GSI Commerce, an online retail and marketing company, in a move that could better equip the online auction site in competing with Amazon. The purchase of GSI “will significantly strengthen our ability to connect buyers and sellers worldwide,” said John Donahoe, eBay ‘s president and CEO, in a statement. “Combined with eBay Marketplaces and PayPal, we …

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