EBay Nears Deal To Sell EBay Enterprise Unit: WSJ

EBay Inc.(EBAY) is closing in on a deal to sell its Enterprise unit to a group led by private-equity firm Permira for around $900 million, the Wall Street Journal reported, citing people familiar with the matter.

The deal, which was being finalized late Wednesday, could be announced as soon as Thursday, when eBay is scheduled to release second-quarter financial results, the report said. EBay also plans to complete the spinoff of its PayPal payments unit on Friday.

The sale to the group, which includes private-equity firm Sterling Partners, could end up around $925 million, the report added, citing one of the people.

EBay has been seeking a buyer for the Enterprise unit since at least January, when it said it could also spin it off.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT