Pulse.com.gh logo
Go


eBay eCommerce giant to sell Enterprise unit for $925 million

The division, which helps power the online stores for retailers and brands, will be acquired by a group of investment entities.

  • Published:
eBay is one of the largest e-Commerce giants in the world play

eBay is one of the largest e-Commerce giants in the world

(recode)

On the eve of its separation with PayPal, eBay has agreed to sell off its eBay Enterprise unit for $925 million, the company announced this morning to various reports.

Sources say the division, which helps power the online stores for retailers and brands, will be acquired by a group of investment entities including the private equity firms Sterling Partners and Permira.

According to reports, the move comes as eBay finalizes its spinoff of PayPal tomorrow, and the two companies will prepare to open up for regular trading on Nasdaq as two separate companies on Monday.

EBay had announced in the fall that it would separate its marketplace shopping business and PayPal business after initially pushing back on such an idea when investor Carl Icahn called for it early in 2014.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Police arrest 6 Menzgold customers trying to lock up Zylofon officebullet
2 How to create a verified PayPal account Learn how to create a verified...bullet
3 How to write a memo How to write a memo like a probullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Menzgold suspends online trading; ask staff to go on leavebullet
6 Don’t pay victims of financial scams; it sends bad signals-...bullet
7 How to create an NGO in Ghana How to register and start an NGObullet
8 1D1F: Nana Addo commissions diaper making factory in...bullet
9 Capemay Properties unveils 209 Signature Apartmentsbullet
10 GRA to begin taxing churches on anointing oil and...bullet

Top Videos

1 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
2 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business

X
Advertisement