eBay to build X.Commerce platform
EBay has been acquiring a number of e-commerce companies recently with a view to build its own e-commerce platform – X.Commerce. In May 2011, EBay acquired the rest of e-commerce platform Magento, which it previously had a 49 percent stake in. On June 17, 2011, EBay Completed Acquisition of E-commerce Service Provider GSI.
eBay is building a broader commerce operating system that spans online, mobile, social and local with a view to be the go-to resource for online and offline retailers, helping connect them to consumers.
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EBay Inc. Completed Acquisition of E-commerce Service Provider GSI
EBay Inc. Completed Acquisition of E-commerce Service Provider GSI.
EBay Inc. announced today that it has completed its $2.4 billion acquisition of GSI Commerce Inc., an E-commerce Service Provider. Chris Saridakis has been appointed as president of GSI Commerce business unit.
GSI Commerce stockholders approved the merger agreement on June 17, 2011 during a special stockholder meeting. EBay paid $29.25 per share for GSI stock, a 50% premium over GSI’s stock price before the eBay deal was announced in late March. EBay also announced that it had completed its divestiture of GSI’s licensed sports merchandise business and 70% of its interest in the ShopRunner e-commerce delivery program and Rue La La, the flash-sale e-retailer that is No. 82 on Internet Retailer’s Top 500 Guide. GSI founder and former CEO Michael Rubin will run those two businesses.
Recently, EBay has been acquiring a number of e-commerce companies lately with a view to build its own e-commerce framework. GSI may be one of the final pieces, GigaOm pointed out as part of eBay’s acquisition of Magento earlier this month, because it makes eBay more attractive to larger vendors. GSI provides e-commerce and marketing services to more than 2,000 brands such as Toys “R” Us, the National Football League and Polo Ralph Lauren.
Internet Advertising Surpasses Print Advertising: 2010 IAB Internet Advertising revenue report
2010 IAB Internet Advertising revenue report download
According to the 2010 IAB Internet Advertising revenue report that has just been released in April 2011, Internet Advertising has officially Surpassed the Newspaper Advertising. This is a milestone for advertising on the internet. The news has been reported earlier by some online marketer such as emarketer, however, this is the official announcement recognized by the IAB.
Internet Advertising Surpasses Newspaper Advertising in 2010
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Nothing But Net: 2011 Internet Investment Guide by J.P. Morgan
JP Morgan Nothing But Net 2011 Report:
“Nothing But Net: 2011 Internet Investment Guide” by J.P. Morgan (Goldman Sachs) was published on Jan 3, 2011. The 416-page Report delves into how e-commerce is expected to evolve and expand over the next few years, and which factors will play a role in that development. It predicts that e-commerce sales worldwide will top $963 billion by the year 2013, growing at an annual rate of more than 19 percent. The report also projects e-commerce growth of 12.4 percent over the course of the next three years in the U.S., totaling $235.3 billion in web sales by 2013.
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