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EBay To Buy E-commerce Firm GSI For $1.96 Billion Cash

Monday, March 28, 2011 | More »

EBay Inc plans to buy e-commerce company GSI Commerce for $1.96 billion in cash in a bid to draw more buyers and sellers to its online marketplaces. EBay said on Monday it offered GSI shareholders $29.25 per share, a 50.9 percent premium over its closing price on Friday. Shares rose by the same amou...