EBay acquires ecommerce provider GSI for $2.4bn
29 Mar 2011 | by Daniel Farey-Jones
Ebay is buying ecommerce and marketing services company GSI for $2.4bn (£1.5bn), its largest deal since it bought Skype for $2.6bn five years ago.
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The European Court's ruling on counterfeit products in the case of L'Oreal v eBay should be welcomed as a step forward by brand owners, write Michael Gardner and Randeep Grewal of Wedlake Bell LLP.
Ebay is buying ecommerce and marketing services company GSI for $2.4bn (£1.5bn), its largest deal since it bought Skype for $2.6bn five years ago.
EBay, the online market place, has recruited former fashion editor Andrea Linett as creative director for eBay Fashion, as it continues its push into the clothing sector.
EBay has added a price comparison feature to its free iPhone app in a bid to entice high-street shoppers to compare deals.
PayPal has given eBay's second quarter revenue a lift, with the company reporting a 26% increase in net income of $412m compared to $327m for the same period last year.
LONDON - eBay.co.uk has launched a Facebook app allowing consumers to create a wish list of present they would like from the site.
LONDON - A business created in just 24 hours by a group of young designers in London was sold for £3,100 on eBay yesterday.
LONDON - Ebay is to sell its internet telephone service Skype to a group of private investors for an undisclosed sum, the online auction giant is expected to announce today.
LONDON - EBay UK has launched a campaign to tackle counterfeits online and is recruiting UK industries members to work in partnership with its auction site.
LONDON - A French court has ruled against L'Oreal in its trademark infringement lawsuit with eBay, stating that the online auction company is not liable for the sale of counterfeit L'Oreal products.
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