EBay Revenue Higher In 2nd Quarter; Profit Falls On AcquisitionEBay 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.
EBay Buys Website Operator GSI Commerce For $2.4 BillionOnline 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.

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?

Listen Live