Acquisition to help compete against Amazon

eBay bids for GSI Commerce

eBay is to buy e-commerce solutions and services provider GSI Commerce for $2.4 billion (£1.5 billion).

The deal is expected to close in the third quarter of this year, and will give eBay access to GSI’s comprehensive portfolio of e-commerce solutions and digital marketing tools, and will complement the existing business model comprised of eBay’s marketplace and PayPal’s financial transaction service.

Read more on our sister site, PC Retail, here.

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