eBay to Acquire RueLaLa Parent
May 13, 2011-- Home Textiles Today,
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."
Related Content By Author
More From the NY Market: It's All About Product!