(MENAFN) EBay Inc. is closing in on a deal to sell its eBay Enterprise unit to a group led by private-equity firm Permira for around USD900 million, Market Watch reported.
The deal, which was being finalized yesterday, could be announced as soon as Thursday, when eBay is scheduled to release second-quarter financial results, people familiar with the matter said.
EBay also plans to complete the spinoff of its PayPal payments unit. The sale to the group, which includes private-equity firm Sterling Partners, could end up around USD925 million.
EBay has been seeking a buyer for the Enterprise unit, which helps power online retail sites for companies such as IKEA, since at least January, when it said it could also spin it off.
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