PHILADELPHIA, March 28, 2011: Today, eBay Inc. (NASDAQ: EBAY) announced that it has agreed to acquire GSI Commerce (GSI) (NASDAQ: GSIC) for $29.25 a share, or a total consideration of $2.4 billion. GSI is a leading provider of ecommerce and interactive marketing services, and eBay is the world's largest online marketplace. Morgan Lewis served as legal advisor to GSI on the transaction.
The Morgan Lewis team was led by Business and Finance partner Richard Aldridge and consisted of Business and Finance partners Justin Chairman and Howard Kenny; Intellectual Property partners Louis Beardell, Kenneth Davis and Ron Dreben; Employee Benefits senior counsel Joseph Ronan and partner Amy Kelly; Tax partner Paul Gordon; Antitrust partner Harry Robins; Litigation partner Robert Gooding; and associates Louis Ballezzi, Robert Brown, Laura Dugan, Carly Grey, Dana Gross, Mark Liverant, Sarah Rabinovici, Patrick Rehfield, Kevin Shmelzer, Carley Ward and Caren Yeamans.
For more information about the transaction, please see the companies' joint press release.