gsi commerce

  • After eBay Acquisition, GSI Commerce Founder Launches Kynetic With Rue La La And ShopRunner On Board

    After eBay Acquisition, GSI Commerce Founder Launches Kynetic With Rue La La And ShopRunner On Board

    When eBay bought GSI Commerce for $2.4 billion in cash and debt in March, it was somewhat surprising to lean that the e-commerce giant’s founder and CEO Michael Rubin was not staying on with eBay. Instead of joining his new parent company, Rubin announced he would form a new independent company that would include the GSI businesses that eBay didn’t want (or more kindly put… Read More

  • eBay Closes $2.4 Billion Acquisition Of GSI Commerce

    eBay announced its $2.4 billion acquisition GSI Commerce in March, and today the e-commerce giant has announced that the deal has been closed. In a release, eBay said that GSI’s stock holders approved the deal late last week, with the merger closing on June 17. With more than 180 customers across 14 merchandise categories, GSI has long-term commerce services relationships with a wealth… Read More

  • eBay Settles Lawsuit Over $2.4B GSI Commerce Acquisition, Deal Expected To Close This Week

    eBay announced its $2.4 billion acquisition GSI Commerce in March and today the company is one step closer to its acquisition. The two companies have announced that they are settling claims filed in a Delaware state court; and GSI shareholders will be paid a settlement amount equivalent to about $0.33 a share. The acquisition is expected to close this week, on June 17. With more than 180… Read More

  • eBay Gets Closer To Closing $2.4 Billion GSI Commerce Acquisition

    eBay last month announced that it has agreed to buy GSI Commerce, a provider of ecommerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion. Under the terms of the merger agreement, GSI Commerce reserved the right to solicit acquisition proposals from alternative parties for a period of 40 calendar days. That “go shop”… Read More

  • eBay Acquires GSI Commerce For $2.4 Billion In Cash And Debt

    eBay Acquires GSI Commerce For $2.4 Billion In Cash And Debt

    eBay has just announced that it has agreed to buy GSI Commerce, a provider of ecommerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion. The acquisition, which will be financed with cash and debt, is expected to close in Q3 2011. With more than 180 customers across 14 merchandise categories, GSI has long-term commerce services… Read More

  • FetchBack Fetches $40 Million From GSI Commerce

    FetchBack Fetches $40 Million From GSI Commerce

    Let the ad retargeting acquisitions begin. This morning, GSI Commerce announced it purchased FetchBack, an advertising startup which specializes in retargeting. The size of the cash deal was not disclosed, but one source puts it in the $40 million range. FetchBack raised a single round of $1 million in January, 2008 led by Gersh Venture Partners, which is now Metamorphic Ventures (a New… Read More

  • GSI Commerce Rebrands Digital Agency As TrueAction

    GSI Commerce, a company that powers e-commerce platforms for major brands, recently made headline with the acquisition of Retail Convergence, which operates RueLaLa.com, a private sale site and SmartBargains.com, an off-price e-commerce marketplace, in a deal valued as high as $350 million. GSI is now rebranding its digital marketing agency that caters to fashion and retail brands, formerly… Read More

  • GSI Commerce Enters The Private Sale Space With Acquisition Of Retail Convergence

    GSI Commerce, a company that powers e-commerce platforms for major brands, has acquired Retail Convergence, which operates RueLaLa.com, a private sale site and SmartBargains.com, an off-price e-commerce marketplace, in a deal valued as high as $350 million. Launched in April 2008, RueLaLa is a members-only online sample sale that sells luxury brands at discount prices during two-day private… Read More