eBay Closes GSI Purchase
June 20, 2011,
SAN JOSE, Calif.-eBay has completed its acquisition GSI Commerce, a provider of e-commerce and interactive marketing services.
In accordance with the terms of the deal announced in March, eBay has paid about $2.4 billion for the purchase. GSI will operate as a separate business unit within eBay, headed by newly appointed president Chris Saridakis, who will report to John Donahoe, eBay's president and CEO.