EBay Offering $1.96 Billion For GSI Buyout

EBay Inc. has announced plans to buy GSI Commerce for $1.96 billion in cash in an attempt to draw more buyers and sellers to its online marketplace. The online-auction site said on Monday that it offered the e-commerce company shareholders $29.95 per share, which is a 50.9 percent premium over its closing price on Friday. GSI owns Web businesses like Rue La La, which offers one-day-only deals to …

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