Deals
EBay Aims for Big Retail Brands With $2.4 Billion GSI Deal
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EBay Inc. Chief Executive Officer John Donahoe is stepping up an effort to woo big retailers and challenge Amazon.com Inc. through the $2.4 billion acquisition of GSI Commerce Inc., his largest takeover yet.
The purchase will give EBay, owner of the biggest e-commerce marketplace, the chance to add brands such as Levi Strauss & Co., Toys R Us Inc. and General Nutrition Centers Inc., which are among the 180 retailers whose websites and inventory are managed by GSI.