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Articles tagged with: licensed

eBay Acquires GSI Commerce:No More Sports Gear

According to their press release, eBay Inc. has announced today that it will acquire GSI Commerce, a leading provider of e-commerce and interactive marketing services, for 2.4 billion dollars. The deal is expected to close by Q3 of 2011. GSI commerce is being offered around 50% higher than their normal closing price. John Donahoe, CEO of eBay said “We intend to lead the next generation of commerce innovation. The acquisition of GSI, offers the most comprehensive integrated suite of online commerce and interactive marketing services available [and] will significantly strengthen our ability to connect buyers and sellers worldwide…Combined with eBay Marketplaces and Paypal, we believe GSI will enhance our position as the leading strategic global commerce partner of choice for retailers and brands of all sizes.” As part of the deal, eBay will demolish…