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 …

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Post Office changing hands – Biggleswade Today

Biggleswade Today Post Office changing handsBiggleswade TodayThe main Biggleswade post office, which shares its Bond Lane premises with the Aldi store, had a question mark hanging over its future because the franchise agreement was due to expire. But this week a spokesman for the headquarters for the Post Office… More: …

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FedEx Express Launches 777F to South Korea

MEMPHIS, Tenn.–(BUSINESS WIRE)–Today FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), announces the launch of a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. Because the new route combines faster service with larger cargo capacity, FedEx can …

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eBay To Buy GSI Commerce For $29.25 A Share

In a major shift in business strategy, eBay (EBAY) this morning announced a deal to acquire the e-commerce services provider GSI Commerce (GSIC) for $29.25 a share in cash for $2.4 billion. The deal is expected to close in the third quarter. More: continued here

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Why eBay Wants to Buy GSI Commerce – GigaOm

Siliconrepublic.com Why eBay Wants to Buy GSI CommerceGigaOm28, 2011, 8:53am PT No Comments Auction giant eBay said today that it will buy GSI Commerce, 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 …

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