GSI Commerce Acquires Retail Convergence for $350,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=31cc936f-902c-489b-a647-66498d7587fa&Preview=1 -
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
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Transaction Type
M&A -
Transaction Amount
$350,000,000 -
Transaction Round
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Proceeds Purposes
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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.
