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Hi,
Ebay, a popular online auction site is grabbing GSI, an ecommerce vendor for $2.4 billion. The acquisition is believed to be closed by the end of this year. The smart move by Ebay is to reinforce its position in the ecommerce world and alleviating the market share of Amazon with its new-flanged ecommerce capabilities. In association with PayPal and Ebay MarketPlace, the company deems that GSI will certainly strengthen its position as a global ecommerce partner among brands and retailers of all sizes. With an excellent client portfolio of GSI like National Football League, Ralph Lauren and more, ebay aspires to expand its overall portfolio.
Cheers,
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