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

Feed Type
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
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.