eBay to buy GSI Commerce for $2.4 billion
eBay announced today it will acquire GSI Commerce, an e-commerce marketing services company, for $29.25 a share--which will likely come out to around $2.4 billion.
To put things into perspective, that's more than it paid for PayPal and only slightly less than it paid for Skype (which is has now sold off). The acquisition is expected to close in the third quarter.
"We intend to lead the next generation of commerce innovation. The acquisition of GSI, which offers the most comprehensive integrated suite of online commerce and interactive marketing services available, will significantly strengthen our ability … Read more