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(Image from article: "EBay to Buy GSI Commerce for $2.4 Billion")

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Newly-Minted Billionaire Is Spinning eBay Scraps Into Gold

Michael Rubin is lucky. And he’s also damned good. Lucky, because eBay approached him last year with a $2.4 billion offer to buy his moneylosing GSI Commerce–which provides Web design, customer service and shipping to big-brand retailers–a 51% premium over the share price. Damned, because Rubin has always played so loose and fast that he’s nearly brought on his own ruin–and stoked the wrath of shareholders. Good, because he has an uncanny eye for undervalued assets and a lifelong talent for turning them into gold.

 

EBay to Buy GSI Commerce for $2.4 Billion

EBay to Buy GSI Commerce for $2.4 Billion

EBay Inc., owner of the largest e- commerce market, agreed to buy GSI Commerce Inc. for about $2.4 billion to add interactive marketing services.

Senh: Who the hell is GSI Commerce?

 

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