GSI Commerce Takes 12.6% Share of Intershop
Apr 26th, 2010 by admin
Spectacular move by GSI Commerce: The US e-commerce giant is homing in on Europe and has taken a 12.6% stake in Intershop. "GSI acquired a 10.5 percent minority equity stake in Intershop from certain shareholders of Intershop for approximately $6.9 million.
Picture of The Shop Exchange: GSI Commerce Takes 12.6% Share of Intershop [source:excitingcommerce.com]
In addition, GSI agreed to purchase approximately 560,000 newly-issued shares, representing an additional 2.1 percent of Intershop's outstanding shares, for approximately $1.3 million."
From the press release, it appears that GSI Commerce e-commerce clients might in the mid-term be running with Intershop technology.
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Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.[source:excitingcommerce.com]
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