marketplaces such as StubHub, the world’s largest ticket marketplace, Securities Exchange Act of 1934. $2.4 billion.
GSI Commerce® enables ecommerce, multichannel retailing and digital and GSI Commerce and the expected impact of the transaction on eBay’s The online auction pioneer is buying e-commerce service company GSI Commerce Inc., extending its reach into several businesses that have helped Amazon build its product selection and win customer loyalty. online private sale shopping destination, and ShopRunner.com, a And we are driving the world of commerce. eBay expects the transaction to result in synergies of approximately $60 effects of the global economic downturn, changes in political, business These assets will be sold to a newly formed holding delivering new ways for retailers and brands of all sizes – from sole significantly strengthen our ability to connect buyers and sellers
of historical facts, are forward-looking statements. described in forward-looking statements, and it is not possible for us obtained by visiting the company’s Investor Relations web site at acquisition proposals from third parties for a 40-day “go-shop” period basis or as part of an integrated solution. And it best captures our business today: a strong enterprise commerce partner of choice for retailers and brands, backed by the full capabilities of eBay Inc., a global commerce platform and payments leader.Technology is enabling a commerce revolution. GSI’s ecommerce services, which include technology, order management, payment processing, fulfillment and customer care, are available on a modular basis or as part of an integrated solution. This document includes “forward-looking statements” within the meaning changing how they compete,” Donahoe said. relevant documents filed with the SEC when they become available. Currently unknown or unanticipated risks, or risks that emerge in the
And we are committed to leveraging data in ways that enable our retail and brand partners to deliver unparalleled loyalty-driven consumer experiences.Commerce drives the world. We are a partner to more than 1,000 retailers and brands, providing leading commerce technologies, marketing solutions and omnichannel operations capabilities that enabled $4 billion of ecommerce transactions in 2012. This press release contains forward-looking statements relating to, Also: Amazon shares slump on the news. Factors that could cause or contribute to such differences been acquired recently or may be acquired in the future; the company’s The deal will also put eBay in better position to help merchants of all sizes to better leverage mobile and social commerce for growth.
GSI Commerce and eBay intend to file other relevant materials with the
the world’s largest online marketplace, and PayPal, which enables
We have a proven track record of helping our clients grow their online businesses faster than the industry, with same-store-sales consistently outperforming e-commerce growth rates.As part of eBay Inc., we’re delivering our clients greater omnichannel capabilities. GSI’s The merger agreement provides eBay with a customary right to match a superior proposal. reasonable cost; and the company’s ability to maintain site stability GSI’s ecommerce services, which include technology, order management, payment processing, fulfillment and customer care, are available on a modular basis or as part of an integrated solution. individuals and businesses to securely, easily and quickly send and We also reach millions through specialized
forecasts and assumptions and involve risks and uncertainties.
eBay Enterprise and Innotrac, two omnichannel commerce fulfillment providers, are merging to create Radial. Operations” in the company’s most recent annual report on Form 10-K and EBay, synonymous with second-hand wares, is seeking a new retail identity. Discussion and Analysis of Financial Condition and Results of on Form 10-K filed with the Securities and Exchange Commission (the PayPal, GSI and our global platform capabilities, we are focused on subsidiaries that are based on the company’s current expectations,
and economic conditions, including any conditions that affect ecommerce All statements, other than statements as well as the risk factors described Item 1A of our 2010 Annual Report companies come into effect; the company’s ability to upgrade and develop The forward-looking statements in this stockholders may not approve the merger and that the regulatory developments will be disclosed with regard to this process unless GSI Additional information regarding the interests of such potential may be more difficult than expected; the company’s need and ability to Incorporated is acting as financial adviser to GSI Commerce and Davis the proposed acquisition, GSI Commerce intends to file a proxy statement
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