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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 …

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Why eBay Wants to Buy GSI Commerce – BusinessWeek

Kansas City Star Why eBay Wants to Buy GSI CommerceBusinessWeekAuction giant eBay (EBAY) said Monday, Mar. 28, that it will buy GSI Commerce (GSIC), a King of Prussia (Pa.)-based provider of e-commerce and marketing services for a whopping $2.4 billion in cash and debt. The deal is part of eBay's…EBay …

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Retail Winners & Losers: Netflix, eBay – TheStreet.com

Retail Winners & Losers: Netflix, eBayTheStreet.comeBay(EBAY) announced it is acquiring GSI Commerce (GSIC) for $2.4 billion. The deal is expected to close in the third quarter. Shares of eBay fell 3.7% to $30.54 following the announcement. American Apparel (APP)was one of the day's biggest gainers …and more » More: continued here

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eBay Inc. To Acquire GSI Commerce

eBay Inc. (NASDAQ: EBAY) announced today that it has agreed to acquire GSI Commerce (NASDAQ: GSIC), a leading 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 …

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Get your rare Twentieth Anniversary Mac on eBay – tuaw.com

Macgasm Get your rare Twentieth Anniversary Mac on eBaytuaw.comBring your wallet and your cutthroat bidding skills and head on over to eBay, where there's an untouched, unopened Twentieth Anniversary Mac up for grabs. This wasn't celebrating the 20th anniversary of the Mac; rather, the TAM was created as an homage …

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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 …

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