Startups
Acquisitions / Business

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
Subscribe

Knowledge is power!

Subscribe for free today and stay up to date with news and tips you need to grow your career and connect with our vibrant tech community.

Trending

How to respond when a long-tenured employee quits? With grace

RealLIST Startups 2024: Meet 10 of Philly’s most promising early-stage tech companies

Building a community of tech entrepreneurs: Looking back at 15 years of Philly Startup Leaders

The opportunity cost of fear: Underfunding Black founders hurts the US economy

Technically Media