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eBay acquires e-commerce service provider GSI Commerce for $1.96 billion

Online auction and ecommerce company eBay Inc has announced a $1.96 billion takeover bid for e-commerce service provider GSI Commerce. According to the deal, eBay would gain expertise in helping major retailers fill online orders and build relationships with toy, electronics and book sellers.

Online auction and ecommerce company eBay Inc has announced a $1.96 billion takeover bid for e-commerce service provider GSI Commerce. According to the deal, eBay would gain expertise in helping major retailers fill online orders and build relationships with toy, electronics and book sellers.

The deal would be eBay’s largest acquisition since it bought internet phone company Skype for $2.6 billion in 2005, and comes as growth in its main auctions business is slowing. GSI also owns web businesses such as Rue La La and ShopRunner and as a part of the deal, eBay would sell off GSI’s licensed sports merchandise business, as well as 70 percent of Rue La La, which offers one-day-only web deals to its members, and ShopRunner, a members-only online shopping service that offers free shipping.

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