eBay (EBAY -2.1%) says it will purchase e-commerce and marketing services provider GSI Commerce...

|About: eBay Inc. (EBAY)|By:, SA News Editor

eBay (EBAY -2.1%) says it will purchase e-commerce and marketing services provider GSI Commerce (GSIC) for $29.25/share, or $2.4B, in cash, a 51% premium to GSI’s Friday closing price. GSI may solicit acquisition proposals from third parties for a 40-day "go-shop" period continuing through May 6. GSIC shares halted; trading to resume at approx. 10:35. (PR)