Home  › Marketing › Strategies
Zachary Rodgers

EBay to Buy GSI Commerce for $2.4 Billion

  |  March 28, 2011   |  Comments

EBay has agreed to acquire GSI Commerce, an interactive marketing and e-commerce enablement firm, for an estimated $2.4 billion or $29.25 per share. With the move eBay becomes a major player in digital marketing services, including creative, analytics and email services.

GSI Commerce is most often associated with e-commerce technology and fulfillment, but over the past two years it has steadily built up marketing offerings. The marketing services group, led by former Gannett Chief Digital Officer Chris Saridakis, consists of analytics platform ClearSaleing, email marketing provider eDialog, performance-based marketing agency True Action, and retargeting firm FetchBack. Those are in addition to mobile marketing, database marketing, and affiliate marketing holdings.

Additionally GSI Commerce operates several consumer products, including e-commerce destination Rue La La and discount shopping service Shop Runner. As part of its transaction, eBay will sell 70 percent of its ownership stake in those two businesses and 100 percent of its licensed sports merchandise business. The divested assets will be sold to a newly created holding company, to be led by GSI founder and CEO Michael Rubin.

"Combined with eBay Marketplaces and PayPal, we believe GSI will enhance our position as the leading strategic global commerce partner of choice for retailers and brands of all sizes," said eBay CEO John Donahoe in a statement.

SES Chicago Early Bird Rate Extended!
Nov. 4-7, 2013: This year's SES Chicago agenda focuses on aligning paid, owned and earned media to help you drive quality traffic and increase conversions.
Register today and save up to $400!
Final Early Bird deadline extended to October 11.

COMMENTSCommenting policy

comments powered by Disqus

ABOUT THE AUTHOR

Until March 2012, Zach Rodgers was managing editor of ClickZ's award-winning coverage of news and trends in digital marketing. He reported on the rise of web companies, data markets, ad technologies, and government Internet policy, among other subjects. 

Get the ClickZ Marketing newsletter delivered to you. Subscribe today!

COMMENTS

UPCOMING EVENTS

WEBINARS

Jobs

    • SEO/PPC Project Manager
      SEO/PPC Project Manager (MDnetSolutions) - RoswellMDnetSolutions provides consultative organic and paid search services for our clients, delivering...
    • Search Manager
      Search Manager (Digitas Health) - New YorkSearch Manager Digitas Health is designed to connect today’s healthcare brands with 21st century...
    • Search Analyst
      Search Analyst (Digitas Health) - New York Position:            SEM Analyst Reports to: ...