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GSI Commerce Announces Notice of Conversion of 2.50% Convertible Senior Notes due 2027

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--GSI Commerce, Inc. (NASDAQ:GSIC), a leading provider of ecommerce and interactive marketing services, today announced that pursuant to the terms of the indenture relating to GSI’s 2.50% Convertible Senior Notes due 2027 (the “Notes”), the Notes have become convertible as a result of the previously announced agreement to be acquired by eBay Inc. (NASDAQ: EBAY). The Company currently anticipates that the effective date of the merger will be June 17, 2011.