Confirmed: eBay sells its Enterprise unit for $925 million

Jul16

by Sindy Cator on July 16, 2015 at 12:58 pm

eBay confirmed today that it has reached an agreement to sell its Enterprise unit to a consortium led by private-equity firm Permira for $925 million. The group includes Sterling Partners, Longview Asset Management and Innotrac Corporation, a Sterling Partners portfolio company, partnered with companies owned by the Permira Fund. As reported by The WSJ yesterday, the company has been looking to sell the Enterprise unit since the beginning of this year. eBay Enterprise was hit with a tough blow last week as Toys ‘R’ Us announced its plans to take its business elsewhere by the middle of next year. The news comes…