March 29, 2011
Online auction and shopping website eBay Inc today said it has agreed to acquire e-commerce company GSI Commerce Inc in a cash-and-debt deal worth about 1.9 billion.
The acquisition will involve cash payment of $1.9 billion and a loan of $467 million to GSI founder Rubin’s new company. The deal is expected to close in the third quarter of 2011.
The deal will strengthen eBay’s Marketplace business.
