GSI To Pay Up To $350M For Rue La La Parent

Law360, New York (October 28, 2009, 3:59 PM EDT) -- Internet retail developer GSI Commerce Inc. has announced plans to add online private sale operator Retail Convergence Inc. — the parent of private sale Web site Rue La La — to its stable, in a deal valued as high as $350 million if post-closing revenue earnouts are reached.

GSI — which manages the Web sites for retailers including Toys R Us and Aeropostale and the online shops for the NFL, NHL and NBA — will pay Retail Convergence $180 million at closing. Half of that total...
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