GSI Commerce

Ecommerce giant eBay announced that it completed the acquisition of GSI Commerce reported back in March. eBay has purchased all outstanding shares of GSI at $29.25 pher share in cash, adding up to about $2.4 billion.

GSI Commerce will continue to operate as a separate business from eBay, and will be led by Chris Saridakis as its newly appointed president. He will report directly to John Donahoe, eBay’s President and CEO.

eBay Inc has made a takeover offering to an ecommerce service provider GSI Commerce, a deal that may rival Amazon.com Inc. The online auction company wants to purchase GSI for a price of $1.96 billion.

This week eBay offered GSI shareholders $29.25 per share in cash, a premium of 50.9 percent from the stock's closing price on Friday.

"It's one of the few fulfillment operations that could rival Amazon," BGC Partners analyst Colin Gillis said. "Amazon is fulfilling its third-party sellers more and more. eBay is all third-party sellers."

GSI Commerce Inc., a provider of e-commerce and interactive marketing solutions, announced Deann Harvey has joined the company as chief sales officer for its Global Marketing Services division. In this newly developed role, Harvey will be responsible for leading the division’s global sales strategy to expand its reach and drive more revenue for clients.

GSI Commerce Inc., a provider of -commerce and interactive marketing solutions, have entered into an agreement with Tumi, international brand of travel, business and lifestyle accessories, to provide it with comprehensive operational and strategic services, including e-commerce technology, customer care and marketing services.

 A provider of e-commerce and interactive marketing solutions GSI Commerce Inc. reported that during the key five-day holiday shopping period of Thanksgiving through Cyber Monday its web stores were experiencing strong activity.

 A provider of e-commerce and interactive marketing services GSI Commerce Inc. has entered into a definitive agreement to purchase Retail Convergence Inc. (“RCI”), a Boston, Mass.-based company that operates RueLaLa.com, a leader in the private sale space and SmartBargains.com, an off-price e-commerce marketplace. With the acquisition of Rue La La and SmartBargains.com, GSI expects to innovate its global e-commerce platform.