eBay 2
SAN FRANCISCO: Online marketplace operator eBay Inc will pay US$2.4bil (RM7.7bil) for GSI Commerce, which operates websites for retailers like Toys R Us and Bath & Body Works.
eBay, which runs its namesake site where users buy and sell items through auctions and fixed-price “Buy it Now” formats as well as online payments service PayPal, hopes the acquisition will bolster its ability to connect buyers and sellers around the world. It could also help it become more of a threat to Amazon.com Inc.
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