Category Archives: Tech News

eBay to buy GSI Commerce, move into Amazon’s fulfillment turf

eBay today announced that it was purchasing GSI Commerce, an online marketing services company, for $2.4 Billion, a 50% premium over the current share price.  According to CNN Money: “GSI’s core business is providing e-commerce infrastructure — e-store technology, payment processing, fulfillment, marketing and customer service — for retailers. Its client roster includes major brands such as RadioShack, Dick’s Sporting Goods, Toys ‘R’ Us and Zales.”

Except for the fulfillment and customer service functions, eBay and its PayPal affilliate already have the capabilities that would be offered by GSI Commerce.  As the New York Times explains, Continue reading