Ecommerce giant eBay announced that it completed the acquisition of GSI Commerce reported back in March. eBay has purchased all outstanding shares of GSI at $29.25 pher share in cash, adding up to about $2.4 billion.

GSI Commerce will continue to operate as a separate business from eBay, and will be led by Chris Saridakis as its newly appointed president. He will report directly to John Donahoe, eBay’s President and CEO.

“We intend to lead the next generation of commerce innovation,” Donahoe said when the deal was first announced. “The acquisition of GSI, which offers the most comprehensive integrated suite of online commerce and interactive marketing services available, will significantly strengthen our ability to connect buyers and sellers worldwide. Combined with eBay Marketplaces and PayPal, we believe GSI will enhance our position as the leading strategic global commerce partner of choice for retailers and brands of all sizes.”

“While those are longer range goals that the combined companies are fast at work on – coming in today there was a noticeable difference already,” GSI’s Jose Mallabo said today on the GSI Commerce blog (also providing the following pictures. ” For the people sitting at the King of Prussia headquarters of GSI you didn’t have to read the release or this post to know the deal closed – you just needed to look up as you walked in.”