eBay + GSI Commerce. Deal Closed!

By Jose Mallabo on Monday, June 20, 2011

On March 28, eBay Inc. announced that it had agreed to acquire GSI Commerce for $2.4 billion. Today the company announced the closing of that deal. As you may recall in the original announcement a couple of months ago, eBay CEO John Donahoe said:

“We intend to lead the next generation of commerce innovation. The acquisition of GSI, which offers the most comprehensive integrated suite of online commerce and interactive marketing services available, will significantly strengthen our ability to connect buyers and sellers worldwide. 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.”

While those are longer range goals that the combined companies are fast at work on – coming in today there was a noticeable difference already. For the people sitting at the King of Prussia headquarters of GSI you didn’t have to read the release or this post to know the deal closed – you just needed to look up as you walked in.