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Goldman Sachs has issued an update on the implications of the eBay
EBAY acquisition of GSI Commerce
GSIC.
According to the report, "We view the strategic rationale for this transaction as primarily intended to enable eBay to better serve offline retailers selling online, mostly through GSI's infrastructure and to a lesser extent eBay's marketplaces. Most of GSI's merchants already accept PayPal."
EBAY has a Neutral Rating and a $32.00 Price Target.
EBAY closed at $30.34 yesterday.
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Posted In: Analyst ColorAnalyst RatingsGoldman SachsInformation TechnologyInternet Software & Services
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