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Post Info TOPIC: eBay to buy GSI Commerce


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eBay to buy GSI Commerce


LOL, if this fails, it will be huge. JMO, it smells like the "Hail Mary" play to a degree. ebaY ID crisis, phase 2011

eBay to buy GSI Commerce

Online marketplace eBay is to buy GSI Commerce as it looks to position itself at the forefront of the next generation of commerce innovation. Announcing the $2.4bn (£1.49bn) acquisition of the online commerce and marketing services company, ...

 



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How much regurgitated pap do you spot?

 

CNBC TRANSCRIPT: CNBC EXCLUSIVE: CNBC'S "FAST MONEY HALFTIME REPORT" TALKS WITH JOHN DONAHOE, CEO OF EBAY, TODAY

 



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Maybe things here are a little less rosy than Donahoe/sleazebay would like everyone to believe?

 

EBay Lowest-Valuation Takeover Generates Worst Losses Since '02: Real M&A

"...Sometimes the cheapest price turns out to be a very expensive price," said Michael Holland, who oversees more than $4 billion as chairman of Holland & Co. in New York. "They are probably going to have to invest to compete. Amazon is the huge gorilla in the jungle...."

 

Also, not sure just how many related investigations are going on?

 

Harwood Feffer LLP Announces Investigation of GSI Commerce, Inc.

 

Pomerantz Law Firm Investigates Claims on Behalf of Investors of GSI Commerce

 

Law Offices of Howard G. Smith Announces Investigation on Behalf of ...


Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout ...

 

Law Office of Jonathan M. Stein, PL Investigates Possible Breach of Fiduciary ...

 

and on and on...

 

I also wonder whether any fullfillment centers will be stocked with counterfeit returns, alleged counterfeit returns, SNAD and/or alleged SNAD items etc. We've seen sleazebay get caught red-handed in things like that before.



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They are already thick as thieves. GSI doesn't look to be an extrememly booming venture. I'd say there is a chance that deal is about hiding billions in losses.



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Mr_E wrote:

They are already thick as thieves. GSI doesn't look to be an extrememly booming venture. I'd say there is a chance that deal is about hiding billions in losses.


 Nothing would surprise me. ebay is more like the iceberg than the titanic. The 10% we can see looks mighty tainted. The part below water is made of the same stuff, just 9 x as much.  Imagine what's going on below? eeek.

 



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EBay settles with GSI shareholders for about $27M

Associated Press, 06.13.11, 02:38 PM EDT

NEW YORK --

EBay Inc. on Monday said it will pay about $27 million to settle lawsuits by shareholders of GSI Commerce Inc., which eBay is acquiring, that accused the companies of shortchanging GSI shareholders.

Under the settlement, eBay will pay about 33 cents per share to GSI shareholders when the deal closes, in addition to the $29.25 per share that's due for the acquisition....

...more at link



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