eBay Inc. Acquires GSI Commerce
June 20, 2011
eBay Inc. completed its acquisition of GSI Commerce, purchasing all outstanding shares for $29.25 per share (approximately $2.4 billion) and making GSI a separate business unit. The deal included subsequent divestitures of GSI's licensed sports merchandise business and partial interests in ShopRunner and Rue La La to a holding company led by GSI founder Michael Rubin.
- Buyers
- eBay Inc.
- Targets
- GSI Commerce, Inc.
- Sellers
- GSI Commerce stockholders
- Industry
- E-Commerce
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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