Retail website operator GSI Commerce Inc posted strong quarterly sales helped by robust product sales and said it would buy online retailer Fanatics Inc in a cash-and-stock deal worth $277 million to strengthen its position in licensed sports merchandise. The company, which competes with Amazon.com Inc in e-commerce, said the deal includes a cash payment of $171 million and $106 million of GSI common stock. GSI Commerce expects the deal to add to 2011 adjusted earnings from operations.
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