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.
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