GSI Commerce

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EBay Revenue Higher In 2nd Quarter; Profit Falls On Acquisition

EBay Inc.’s second-quarter results beat analyst expectations Tuesday with growth in its PayPal online payment service and marketplace business – although profit fell 31 percent on charges from its recent purchase of e-commerce retail site operator GSI Commerce.

CBS San Francisco–07/20/2011

EBay headquarters in San Jose. (Justin Sullivan/Getty Images)

EBay Buys Website Operator GSI Commerce For $2.4 Billion

Online marketplace operator EBay said Monday that it will pay $2.4 billion for GSI Commerce, which operates websites for retailers like Toys R Us and Bath & Body Works.

CBS San Francisco–03/28/2011

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