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eBay Inc. to Acquire GSI Commerce

SAN JOSE, Calif. & KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--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.