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 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Capital Bank Collapse Here are the roles of a non-executive board chairbullet
3 Bank Collapse Capital Bank Board misused GHC 610 million from BoG –...bullet
4 IMANI Boss Otabil may have been ‘misled’ in Capital Bank collapse...bullet
5 Investment banks in Ghana Top 5 investment banks in Ghana and...bullet
6 Banks Collapse Accounts of defunct Royal Bank managers frozenbullet
7 IMANI Boss Attacking Otabil over Capital Bank collapse...bullet
8 Collapse Bank Here’s what former staffs of Capital Bank...bullet
9 Banking Issues "Collapsed banks didn't fail; they were...bullet
10 Collapsed Bank It’s ‘incorrect’ to implicate me in...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Money Alert Meet Africa's richest womanbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Support Finance minister buys Kantanka carbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business