GSI Commerce Acquires Retail Convergence for $350,000,000

  • Feed Type
  • Date
    10/27/2009
  • Company Name
    Retail Convergence
  • Mailing Address
    10 Milk St Boston, MA 02108
  • Company Description
    Retail Convergence is a newly formed corporation that is comprised of e-commerce companies including SmartBargains.com and RueLaLa.com, which officially launched on April 9th.
  • Website
    Undisclosed
  • Transaction Type
    M&A
  • Transaction Amount
    $350,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The transaction is valued at up to $350 million, including $180 million at closing (50 percent cash, 50 percent stock) and an earn-out of up to $170 million.

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