eBay to Acquire RueLaLa Parent

EBay plans to acquired ecommerce and interactive services provider GSI Commerce for about $2.4 billion, financing the deal with cash and debt.
     GSI is parent to online private sale retailer RueLaLa. com as well as ShopRunner.com, a members-only shopping service that offers free two-day shipping and free shipping on returns for a $79 annual subscription.
     "We intend to lead the next generation of commerce innovation," said John Donahoe, eBay president and ceo, who added GSI would "significantly strengthen our ability to connect buyers and sellers worldwide."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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