{"id":345066,"date":"2011-03-28T16:17:45","date_gmt":"2011-03-28T16:17:45","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/"},"modified":"2011-03-28T16:17:45","modified_gmt":"2011-03-28T16:17:45","slug":"ebay-inks-biggest-takeover-deal-since-skype","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/","title":{"rendered":"EBay inks biggest takeover deal since Skype"},"content":{"rendered":"<p><div readability=\"72.594059405941\">    <!-- KEEP --><a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=GSIC\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/844b7be1erceinc.top_.PNG.png\" alt=\"chart_ws_stock_gsicommerceinc.top.PNG\" width=\"475\" height=\"280\" border=\"0\" class=\"cnnstoryImageFull\" \/><\/a><span><b>Click to see GSI Commerce&#8217;s current share price.<\/b><\/span><span id=\"fb-recommend\"\/><br \/>\n<span>By Laurie Segall, staff reporter<\/span><span>March 28, 2011: 12:14 PM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><\/p>\n<p>NEW YORK (CNNMoney)  &#8212; EBay said Monday that it has struck a deal to acquire e-commerce and marketing services firm GSI Commerce for $29.25 per share in cash, totaling $2.4 billion.<\/p>\n<p>The price represents a 51% premium over GSI&#8217;s closing share price on Friday, although it&#8217;s a hair below the battered stock&#8217;s 52-week high. The deal would be eBay&#8217;s most expensive acquisition since its ill-fated Skype takeover. <\/p>\n<p>Shares of GSI (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=GSIC&#038;source=story_quote_link\">GSIC<\/a>) surged 50%, to $29.12, in morning trading. EBay (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=EBAY&#038;source=story_quote_link\">EBAY<\/a>, <a href=\"http:\/\/money.cnn.com\/magazines\/fortune\/fortune500\/2010\/snapshots\/11070.html?source=story_f500_link\">Fortune 500<\/a>) shares dropped 2%, to $31.07. <\/p>\n<p>GSI&#8217;s core business is providing e-commerce infrastructure &#8212; e-store technology, payment processing, fulfillment, marketing and customer service &#8212; for retailers. Its client roster includes major brands such as RadioShack, Dick&#8217;s Sporting Goods, Toys &#8220;R&#8221; Us and Zales. <\/p>\n<p>The company also runs a licensed sports merchandise business operating online shops for the NHL, NBA, MLB, Nascar and other major sports brands. That line of business will be spun off and sold to a new holding company headed by GSI founder and CEO Michael Rubin.<\/p>\n<p>Rubin&#8217;s company will also take on 70% of GSI&#8217;s ownership stake in ShopRunner and Rue La La, two consumer-facing <a href=\"http:\/\/money.cnn.com\/galleries\/2010\/pf\/1009\/gallery.shopping_sample_sales_gilt_ruelala\/index.html\">private shopping sites<\/a>. EBay believes the sports and private-sale businesses &#8220;are not core to its long-term growth strategy.&#8221;<\/p>\n<p>Instead, it will focus on integrating GSI&#8217;s e-commerce services with PayPal and its eBay Marketplaces retail site. <\/p>\n<p>The acquisition is expected to close in the third quarter of 2011, pending regulatory and shareholder approvals. But under the terms of the deal, GSI may solicit acquisition proposals from other parties for a 40-day &#8220;go-shop&#8221; period that continues through May 6.\u00a0<a href=\"http:\/\/money.cnn.com\/2011\/03\/28\/technology\/ebay_acquires_gsi\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/0e63013ebug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p>First Published: March 28, 2011: 11:28 AM ET<\/p>\n<p><!--endclickprintexclude--><\/div>\n<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/844b7be1erceinc.top_.PNG-150x150.png\" \/><\/p>\n<p>Read the original post:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/0OkO5QhFg0w\/index.htm\" title=\"EBay inks biggest takeover deal since Skype\" rel=\"noopener noreferrer\">EBay inks biggest takeover deal since Skype<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Click to see GSI Commerce&#8217;s current share price. By Laurie Segall, staff reporter March 28, 2011: 12:14 PM ET NEW YORK (CNNMoney) &#8212; EBay said Monday that it has struck a deal to acquire e-commerce and marketing services firm GSI Commerce for $29.25 per share in cash, totaling $2.4 billion<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-345066","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EBay inks biggest takeover deal since Skype - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"EBay inks biggest takeover deal since Skype - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Click to see GSI Commerce&#039;s current share price. By Laurie Segall, staff reporter March 28, 2011: 12:14 PM ET NEW YORK (CNNMoney) -- EBay said Monday that it has struck a deal to acquire e-commerce and marketing services firm GSI Commerce for $29.25 per share in cash, totaling $2.4 billion\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/844b7be1erceinc.top_.PNG.png\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"EBay inks biggest takeover deal since Skype\",\"datePublished\":\"2011-03-28T16:17:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/\"},\"wordCount\":304,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/844b7be1erceinc.top_.PNG.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/\",\"name\":\"EBay inks biggest takeover deal since Skype - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/844b7be1erceinc.top_.PNG.png\",\"datePublished\":\"2011-03-28T16:17:45+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/844b7be1erceinc.top_.PNG.png\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/844b7be1erceinc.top_.PNG.png\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EBay inks biggest takeover deal since Skype - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/28\/ebay-inks-biggest-takeover-deal-since-skype\/","twitter_card":"summary_large_image","twitter_title":"EBay inks biggest takeover deal since Skype - Ghanamma.com","twitter_description":"Click to see GSI Commerce's current share price. 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