Deals
EBay Settles Investor Suits Over GSI Commerce Purchase
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EBay Inc., owner of the largest e-commerce market, agreed to pay about $24 million to resolve investor lawsuits over its $2.4 billion acquisition of online marketing firm GSI Commerce Inc.
GSI shareholders will receive 33 cents a share in addition to EBay’s $29.25-a-share offer under the settlement, the companies said today in a statement. Investors will get the settlement money when the acquisition closes, which is expected on June 17, the companies said.