| eBay To Acquire GSI Commerce for $2.4 Billion
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engine
msg:4288517 | 3:01 pm on Mar 28, 2011 (gmt 0) |
eBay To Acquire GSI Commerce for $2.4 Billion [news.cnet.com]
eBay announced Monday that it will acquire GSI Commerce, an e-commerce marketing services company, for $29.25 a share--which will likely come out to be around $2.4 billion.
To put things into perspective, that's more than it paid for PayPal, and only slightly less than it paid for Skype (which is has now sold off). The acquisition is expected to close in the third quarter of this year.
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RhinoFish
msg:4288524 | 3:16 pm on Mar 28, 2011 (gmt 0) |
wow! smells like they're aiming for amazon with this move.
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dpd1
msg:4288651 | 6:35 pm on Mar 28, 2011 (gmt 0) |
Holy crap... So that's where all the fees go.
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aleksl
msg:4288711 | 9:06 pm on Mar 28, 2011 (gmt 0) |
Any more comments?
This is interesting, I've used their affiliate network, it seems like it was run by a bunch of pumped-up under-experienced marketing kids "we'll sell you anything, no go do it for us". Young over-hyped network.
This is clearly eBay going for the ShopRunner service.
GSI CEO also mentioned they send billions of emails?
There's a bunch of stuff sold back to GSI, so some sort of money laundering/hiding will be clearly going on, and the final number should not be nearly as big. Congrats to Michael. [edited by: aleksl at 9:23 pm (utc) on Mar 28, 2011]
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aleksl
msg:4288716 | 9:23 pm on Mar 28, 2011 (gmt 0) |
Ok, I gave it 5 more minutes of thought. The second clear synergy here is to allow GSI large brands to sell on eBay through some sort of integration. This may be good
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Petrogold
msg:4288864 | 7:26 am on Mar 29, 2011 (gmt 0) |
eBay is tough!They need to be more user friendly & customer oriented from their orthodox. Then sky will be limit as FB is younger than EB.
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