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eBay Inc. and GSI Commerce Announce Settlement of Claims Regarding Proposed Acquisition

SAN JOSE, Calif. & KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--eBay Inc. (NASDAQ:EBAY) and GSI Commerce (NASDAQ:GSIC) announced today that the companies have entered into a memorandum of understanding, or MOU, with GSI shareholders settling claims filed in Delaware state court related to eBay’s previously announced acquisition of GSI. As a result, GSI shareholders will be paid a settlement amount equivalent to about $0.33 a share.