eBay Acquires GSI Commerce For $2.4 Billion In Cash And Debt - Technical.ly Philly

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Mar. 28, 2011 11:05 am

eBay Acquires GSI Commerce For $2.4 Billion In Cash And Debt

"eBay has just announced that it has agreed to buy GSI Commerce, a 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 in Q3 2011."

King of Prussia-based GSI commerce exits big to eBay. eBay is plenty familiar with Philly, snapping up Half.com in 2000.

eBay has just announced that it has agreed to buy GSI Commerce, a 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 in Q3 2011.

via eBay Acquires GSI Commerce For $2.4 Billion In Cash And Debt.

Companies: eBay, eBay Enterprise
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