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Ecommerce Platforms, Headline »

[29 Mar 2011 | No Comment | ]

eBay Inc. (NASDAQ: EBAY) announced today that it has agreed to acquire GSI Commerce (NASDAQ: GSIC), a leading 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 the third quarter of 2011.
The merger consideration represents a 51 percent premium over GSI’s March 25, 2011, closing price and a 47 percent premium over the average closing price of GSI Commerce common stock over the 30 trading days …

Headline, Online Retail »

[1 Jul 2010 | No Comment | ]
Woot.com acquired by Amazon

Amazon is appearing tight-lipped about it’s latest acquisition, Woot.com.  The announcement was made on Woot’s blog a short time ago.  In typical Woot style, the letter from CEO, Matt Rutledge, says a lot, without really saying anything at all…