NEW YORK (Reuters) - EBay Inc <EBAY.O> plans to buy e-commerce company GSI Commerce <GSIC.O> for $2.4 billion, it said on Monday.
EBay will offer shareholders of GSI $29.25 per share, a 50.9 percent premium over its closing price on Friday.
Continue Reading Below
GSI owns Web businesses such as flash site Rue La La and ShopRunner.
(Reporting by Phil Wahba; Editing by Derek Caney)