eBay Sells Its Enterprise Division For $925 Million

eBay today confirmed that it has agreed to sell its Enterprise unit to a consortium led by private-equity firm Permira for $925 million.

The Wall Street Journal reported yesterday that the company has been looking to sell the Enterprise division since the beginning of the year.

eBay Enterprise took a blow last week when Toys ‘R’ Us announced that it plans to take its business elsewhere within a year.

This news comes just one day before eBay will officially split PayPal into a separate publicly-traded company. With eBay Enterprise and PayPal out of the way, eBay will soon be free to start fresh as a standalone company.

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