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EBay buys GSI Commerce for $2.4B

SAN FRANCISCO (MarketWatch) — EBay Inc. said Monday morning that it has agreed to acquire GSI Commerce for $2.4 billion, or $29.25 per share – which reprsents a 51% premium over GSI’s most recent closing price. GSI Commerce provides e-commerce and marketing services. As part of the deal, eBay said it plans to divest GSI’s licensed sports merchandise business and 70% of its ShopRunner and Rue La …

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