Bull & Lifshitz, LLP Announces Investigation of the Acquisition of GSI Commerce, Inc.

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of GSI Commerce, Inc. (NASDAQ: GSIC - News) (referred to as "GSI" or the “Company”) by eBay Inc. (“eBay”) in a cash transaction valued at approximately $2.4 billion.

Under the terms of the merger agreement, GSI shareholders will receive $29.25 per share. GSI may solicit acquisition proposals from third parties for a 40-day “go-shop” period continuing through May 6, 2011. The merger agreement provides eBay with a right to match a superior proposal.

As part of the transaction, eBay will divest 100 percent of GSI’s licensed sports merchandise business and 70 percent of ShopRunner and Rue La La. These assets will be sold to a newly formed holding company, which will be led by GSI founder and CEO Michael Rubin.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders. If you are a holder of GSI stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of GSI and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to GSI.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

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