EBay buys GSI for $1.96 billion to take on Amazon

By Phil Wahba

NEW YORK |
Mon Mar 28, 2011 1:47pm EDT



NEW YORK (Reuters) – EBay Inc plans to buy e-commerce service provider GSI Commerce to build up its online marketplaces as it ramps up its battle with Amazon.com Inc.

EBay said on Monday it offered GSI shareholders $ 29.25 per share, or $ 1.96 billion, in

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