Posts tagged with Gsi Commerce

Google updates Commerce Search

E-commerce may not be as sexy as social networking and online content, but millions upon millions of people shop online, spending billions of dollars every year.

For brands and retailers hoping to get a piece of the action, technology is everything. That's why eBay is spending upwards of $2bn buying GSI Commerce.

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eBay diversifies even further with big GSI Commerce buy

The eBay brand is synonymous with online auctions, but over the years, eBay's business has expanded well beyond those auctions.

The company's crown jewel -- PayPal -- was purchased in 2002 for $1.5bn, and the online payment provider now accounts for more than a third of eBay's revenue. eBay's portfolio also includes comparison shopping site Shopping.com, financing service BillMeLater and rental classifieds site Rent.com.

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GSI Commerce goes upscale with RueLaLa.com acquisition

The good life isn't so good for luxury brands these days. Thanks to the Great Recession, many consumers aren't as eager to spend big bucks on high-end fashion and accessories. Spending less is in vogue and that has been good news for companies that are ready with bargains.

And that explains why GSI Commerce, an e-commerce and multichannel solutions provider, is paying up to $350m for Retail Convergence, the company that operates private sale website RueLaLa.com and off-price e-commerce website SmartBargains.com.

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