$2.4 B Expansion - eBay and GSI - Competition for Amazon

  1. GmaGoldie profile image86
    GmaGoldieposted 5 years ago

    Bloomberg reported that eBay is looking to purchase GSI for $2.4 billion dollars in order to beef up their retail presence on the Internet.  Read more here:

    http://www.bloomberg.com/news/2011-03-28/ebay-aims-for-
    big-retail-brands-with-2-4-billion-gsi-purchase.html?cmpid=yhoo

    What are your thoughts on the creation of this new Internet retailer?  Great competition for Amazon?  Most importantly, what will it mean to us Hubbers?

 
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