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GSI acquires Retail Convergence for $350 million

In recent years GSI Commerce Inc. has made acquisitions to bolster its base as an e-commerce services provider. But with its $350 million acquisition today of Retail Convergence Inc., which operates SmartBargains.com and RueLaLa.com, GSI is moving directly into the online retailing business.   GSI will purchase Retail Convergence for $180 million at the closing […]

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